DIVIS LAB


Following observations can be made : 

1. There is a breakout from triangle at 9:25 so taking an entry at 3760.50 with 60qty

2. Also, we can observe that price went below the previous day's low giving an additional confirmation of good potential downward rally.

3. Since the breakout happened before 12:30, our target will be 3650.

4. Stop loss for now will be few points above the black line which also happens to be the previous day's low and hence stop loss is plotted at 3929



Observation at 10:25 :

1. Price hit our target level S2 i.e at 3650

2. Price easily reached our target which shows that bears are in full control and price may further go down but I am going to exit as it is important for me to adhere to rules and to be disciplined.

3. We observed slight struggle between 9:45 to 10:00 but it did not last longer and bears took control again.

3. Profit - (3650 - 3760.50)*60 = 6630




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