Divi's Laboratories (DIVISLAB)

yesterday

The daily chart of Divi's Laboratories (DIVISLAB) on NSE shows a strong uptrend, with the stock forming higher highs and higher lows while trading above key moving averages (50-day SMA at ₹5809.59, 100-day SMA at ₹5358.82, and 21-day EMA at ₹5967.32), confirming bullish momentum in both the short and medium term. The price is nearing a significant resistance zone at ₹6250-₹6300, and a breakout above this level, accompanied by strong volume, could trigger further upside. The RSI at 66.98 suggests the stock is approaching overbought territory, warranting caution as a consolidation or minor retracement is possible. The MACD remains bullish, with the MACD line above the signal line and green histogram bars indicating positive momentum. Immediate support levels lie at ₹5967 and ₹5809, providing a cushion in case of a pullback. Overall, the stock is well-positioned, but traders should watch for a breakout or signs of reversal near resistance.