finogent

DIVISLAB: Following a Bearish Trend

Short
finogent Updated   
NSE:DIVISLAB   DIVI'S LABORATORIE
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TECHNICAL ANALYSIS OF DIVISLAB

The LAST CLOSE PRICE of NSE:DIVISLAB is 4224.6. The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 4224.6. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 4427.5 with RESISTANCE 1 and RESISTANCE 2 at 4128.55 and 3945.9 respectively. The Key 50% FIBONACCI LEVEL stands at 3789.15 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.

The STOC RSI has the values K and D as 14.37 and 10.57 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 56.92 and 13.65 at 76.57 along with HISTOGRAM showing values of -19.65, the STATUS is clearly SELL CROSSOVER NEARING IN.

The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.31 and -0.13 with UPTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.7196 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.

No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 56.52 which signifies its Price Level to be TOO EXPENSIVE.


>>> RECOMMENDATION is : SELL."






Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Comment:
Due to a reverse in trend, The Elliot wave is showing an IMPULSIVE movement, which indicates a further UPTREND.

Seeing a Bullish trend further ahead, the RECOMMENDATION is to BUY.

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