SOURCE

function dragstart_handler(ev) {
  console.log("dragStart: dropEffect = " + ev.dataTransfer.dropEffect + " ; effectAllowed = " + ev.dataTransfer.effectAllowed);

  // Add this element's id to the drag payload so the drop handler will
  // know which element to add to its tree
  ev.dataTransfer.setData("text", ev.target.id);
  ev.dataTransfer.effectAllowed = "move";
}

function drop_handler(ev) {
  console.log("drop: dropEffect = " + ev.dataTransfer.dropEffect + " ; effectAllowed = " + ev.dataTransfer.effectAllowed);
  ev.preventDefault();

  // Get the id of the target and add the moved element to the target's DOM
  var data = ev.dataTransfer.getData("text");
  ev.target.appendChild(document.getElementById(data));
}

function dragover_handler(ev) {
  console.log("dragOver: dropEffect = " + ev.dataTransfer.dropEffect + " ; effectAllowed = " + ev.dataTransfer.effectAllowed);
  ev.preventDefault();
  // Set the dropEffect to move
  ev.dataTransfer.dropEffect = "move"
}

<div>
  <p id="source" ondragstart="dragstart_handler(event);" draggable="true">
    Select this element, drag it to the Drop Zone and then release the selection to move the element.
  </p>
</div>
<div id="target" ondrop="drop_handler(event);" ondragover="dragover_handler(event);">Drop Zone</div>

div {
  margin: 0em;
  padding: 2em;
}

#source {
  color: blue;
  border: 1px solid black;
}

#target {
  border: 1px solid black;
}