padiyara

Divis at support now. 641

NSE:DIVISLAB   DIVI'S LABORATORIE
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7
Divis 641 at support now.
Dont care about the News, it is a market leader in pharmaceuticals,
and it will overcome all such situation in due course.
Comment: 09 Jan 2017
DIVISLAB: 737.4
is near MEMA 89 is = 716 a strong support.
A 61.8 % retrace of the total Bull run started
from the early 2009 is laying near 645, has a confluence
with the shown PF channel (subjective view) support.


645 is the 62% retracement

Comments

Sir now its 634 near low of 612. Can we go long for April 17.
Reply
padiyara venkaticr
@venkaticr, Definitely, now the approach to this scrip must be buy on any dip.
Reply
venkaticr padiyara
@padiyara, Thanks.
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Sorry just looked this msg sir can we take long tomorrow with a SL of 595 closeing basis
Reply
padiyara Harsha3636
@Harsha3636, For value investment, yes we can go on invest in this scrip. ok, But a normal entry,
Generally people have to wait for a base building etc, Then make an entry in to the stock
on finding a trend reversal. Every time you cannot expect a same situation.

This FDA issue, or any matter for that reason, made the stock to come to its value now.
As marked in the chart, 645 is a 62% correction of the total bull run form 2009. check it again by yourself.
I thought, it may find a support at this range, but LUCKLY it came further down.
Next level is yet another 62% retrace of the bull start from apr2005 is 550 approx.:

Also I have this gem in my alert list, and will definitely notify when ever I find a trend reversal.
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Thank you.. Like your explanation
Reply
padiyara RaghuveerMunipalli
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