DIVIS on the 60 minute chart looks like to have broken out of a triangle. Though the price is on the upper channel, and hinting at some kind of pull back towards the ema for a perfect entry. On the daily and weekly chart we seemed to have formed an inverse head and shoulder pattern (see the circled area). 1550 looks like good resistance, breaking it with volumes will give the target of 1700+. This looks possible, because as of now pharma is performing vis a vis other sectors.
Sunday, June 1, 2008
Divis Laboratories!!!
DIVIS on the 60 minute chart looks like to have broken out of a triangle. Though the price is on the upper channel, and hinting at some kind of pull back towards the ema for a perfect entry. On the daily and weekly chart we seemed to have formed an inverse head and shoulder pattern (see the circled area). 1550 looks like good resistance, breaking it with volumes will give the target of 1700+. This looks possible, because as of now pharma is performing vis a vis other sectors.
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