Weinstein Stage 2 setup on the weekly. NSE:DIVISLAB has resolved a 12-month Stage 1 base and is trading at all-time highs.
THE STRUCTURE
Prior all-time high 7,071 (Jul 2025). Price corrected 20% into 5,647 (Apr 2026) and then built a base for roughly 12 months between 5,647 and 6,887. The base ceiling at 6,887 was tested three separate times and held every attempt until this month.
THE BREAKOUT
Week of 13 Jul 2026: closed 7,247 on 3.22M shares versus a 30-week average of about 1.7M — roughly 1.9x volume on the breakout bar. That is the expansion Weinstein wants to see. The following week held the gain in a tight 7,177-7,438 range instead of giving it back, and this week has extended to a new all-time high at 7,550.
CONFIRMATION CHECKLIST
- Price above the rising 30-week SMA (approx 6,490), roughly 12% above it
- 10-week SMA (approx 6,900) above the 30-week, both rising
- Mansfield RS above zero at +16 and printing new RS highs — the stock is outperforming, not just rising with the tape
- Breakout volume ~1.9x average
- Follow-through week held above the pivot rather than reversing
TRADE PLAN
Bias: Long
Entry zone: 7,300 - 7,530 (prefer a pullback toward 7,300-7,400; 7,177 is the shelf)
Stop: 7,115 — below the follow-through week's low. Structural invalidation.
Risk from a 7,400 average entry: 3.85%
Target 1: 8,125 — 1x the base height (1,239 pts) projected from the 6,887 pivot. R:R 2.5:1
Target 2: 8,750 — 1.5x base. R:R 4.7:1
Target 3: 9,365 — 2x base. R:R 6.9:1
RISK MANAGEMENT
Position size off the stop, not off conviction. Risking 1% of capital with a 3.85% stop distance implies about a 25% allocation — cap that at your normal single-name concentration limit.
Important caveat: my broader market/sector filter is reading HOSTILE. Weinstein's own rule is that you do not fight the market tide, so this is a half-size entry at most for me, not a full position. The stock-specific setup is an A grade; the environment is not. That is exactly why the indicator flags this QUALIFIED REVIEW rather than a clean buy.
Scale out a third at each target and trail the remainder under the 10-week SMA once T1 prints. The trade is invalidated — not just stopped — if the weekly closes back below 6,887, which would make this a failed breakout back into the base.
Also note the current weekly bar is still open, so the breakout extension is not yet a confirmed weekly close.
Not investment advice. Do your own work and size for the outcome where you are wrong.
THE STRUCTURE
Prior all-time high 7,071 (Jul 2025). Price corrected 20% into 5,647 (Apr 2026) and then built a base for roughly 12 months between 5,647 and 6,887. The base ceiling at 6,887 was tested three separate times and held every attempt until this month.
THE BREAKOUT
Week of 13 Jul 2026: closed 7,247 on 3.22M shares versus a 30-week average of about 1.7M — roughly 1.9x volume on the breakout bar. That is the expansion Weinstein wants to see. The following week held the gain in a tight 7,177-7,438 range instead of giving it back, and this week has extended to a new all-time high at 7,550.
CONFIRMATION CHECKLIST
- Price above the rising 30-week SMA (approx 6,490), roughly 12% above it
- 10-week SMA (approx 6,900) above the 30-week, both rising
- Mansfield RS above zero at +16 and printing new RS highs — the stock is outperforming, not just rising with the tape
- Breakout volume ~1.9x average
- Follow-through week held above the pivot rather than reversing
TRADE PLAN
Bias: Long
Entry zone: 7,300 - 7,530 (prefer a pullback toward 7,300-7,400; 7,177 is the shelf)
Stop: 7,115 — below the follow-through week's low. Structural invalidation.
Risk from a 7,400 average entry: 3.85%
Target 1: 8,125 — 1x the base height (1,239 pts) projected from the 6,887 pivot. R:R 2.5:1
Target 2: 8,750 — 1.5x base. R:R 4.7:1
Target 3: 9,365 — 2x base. R:R 6.9:1
RISK MANAGEMENT
Position size off the stop, not off conviction. Risking 1% of capital with a 3.85% stop distance implies about a 25% allocation — cap that at your normal single-name concentration limit.
Important caveat: my broader market/sector filter is reading HOSTILE. Weinstein's own rule is that you do not fight the market tide, so this is a half-size entry at most for me, not a full position. The stock-specific setup is an A grade; the environment is not. That is exactly why the indicator flags this QUALIFIED REVIEW rather than a clean buy.
Scale out a third at each target and trail the remainder under the 10-week SMA once T1 prints. The trade is invalidated — not just stopped — if the weekly closes back below 6,887, which would make this a failed breakout back into the base.
Also note the current weekly bar is still open, so the breakout extension is not yet a confirmed weekly close.
Not investment advice. Do your own work and size for the outcome where you are wrong.
Trade active
Update — booking partial, trailing the restDivi's is up ₹400 from our entry at 7500, now trading around 7920, more then 5% in 2 trading session
"The breakout above 7100 held on retest and the 30W MA has turned up
Taking30% off the table here. Trailing the stop on the entry price, which takes the remaining position to zero risk.
Original target stays intact. Thesis holds as long as we close above 7500 on a weekly basis.
Sharing how I'm managing my own position — not a recommendation.
Trade closed: target reached
Divis near our first target , booking in total of 60% of my position. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.