DIVISLAB is looking good for short selling for November series. Complete technical analysis for the stock price given below fullfilling the conditions for short position build up:

HEAD AND SHOULDER FORMATION ON THE TOP ACTS AS A REVERSAL PATTERN.

Here is the image:

AT PRESENT THE STOCK PRICE IS TRADING IN ITS CORRECTIVE ABC WAVES.

Here is the snapshot:

INICATORS initiating sell signals on various tools.Currently trying to hold FIBONACCI RETRACEMENT of 61.8% . Here is the image:

STOP LOSS for the position is 1340 which is also the high of WAVE B the corrective wave.

TARGET seems to be 1130 ON THE DOWNSIDE…