Budget will have focus on healthcare sector as well and this stock has been in a range since the budget. There is a flag & pole breakout expected after a good rally. NSE:DIVISLAB can be kept on radar for either side movement as soon as the box is broken.
Hi,
NSE:DIVISLAB has given a Bullish Flag Breakout on daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like...
Hi,
NSE:DIVISLAB has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry,...
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Divis labs is looking strong for a weekly breakout.
A monthly closing above 4000 can bring good momentum in the stock.
Pharma sector is bullish and we can see ATH levels in this stock soon
Theory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
DivisLab made a Proper HigherHigh and HIgherLow.,.
Now its at Proper Higherlow,, look for Priceaction for Proper entry and Stoploss.
There are two levels for Buying.
Follow Risk Management.
Scrip has showing trend reversal with reverse head and shoulder pattern break out. It has potential to give approx. 40% gain from current price even if someone ride it till its all time high.
DISCLAIMER:
The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip....
From Mar'23 bottom of 2730 stock has rallied and made a high of 3934 in Aug'23. Post that stock has undergone into a correction which already concluded at Nov'23 bottom of 3295. From there stock has rallied again and broken it's previous swing high made in Aug'23. The recent price action suggests that stock has formed a Continuation H&S and given a breakout on...
DIVISLAB :
Fundamentally strong one and recovered from recent lows of 2800 range.
Currently forming Inverted Head and Shoulders format. Just hanging around the trend line and once cross this, we should be able to see the completion of the Inverse H&S pattern and Zoom
to 5000+ levels.
Stock is trading above most of the moving averages on Daily, Weekly and...
Divis Labs has broken above its long-standing weekly trendline, indicating a potential shift in market sentiment. This breakout, coupled with the stock's strong fundamentals, suggests that Divis Labs is poised for further upward trajectory.
Trading Strategy
Entry: Above 3765
Targets: 3930, 4370
St
op Loss: 3487
Disclaimer
Please exercise...
The concept of the setup is clearly shown on the charts. The third time, the price is around 3540. If bounces back this time too, may go to 3690, 3800, or even more.
It is a low-risk setup because if the price sustains below 3520 for a couple of days, the setup fails. one should exit below 3520 or according to the one's risk management.
The above illustration and...
📊 Details
Incorporated in 1990, Divis Laboratories Ltd manufactures and exports API's, Intermediates and Nutraceutical ingredients
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also...
Divi's Laboratories Limited is an Indian multinational pharmaceutical company and producer of active pharmaceutical ingredients and intermediates, headquartered in Hyderabad. The company manufactures and custom synthesizes generic APIs, intermediates.
Hammer formed in Divislab , 1d with parallel channel support
Entry : 3629
Target : 3735
SL : 3525
RR : 1
