Wednesday, December 16, 2009

DIVIS LAB INVERTED HEAD & SHOULDER !!

DIVIS LAB has formed an inverted head and shoulder as shown below.

























It retested the neckline placed at 630 odd levels and is now ready for an upmove till 800 in the short term. Keep the stoploss of 600 for all longs.


Posted below is the daily chart of DIVIS LAB showing multiple tops around 630 odd levels.








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Welcome to my blog.The name is Rahul Tawde. I have adopted trading as my profession and have been practicing it for over 2 years.This blog is an attempt to reach out to people in the capital markets who trade for a living.I welcome fellow professional traders to come forth with any suggestions to improve my blog and also to improve our trading.