DIVISLAB
DIVISLAB - Profit Booking or Shorting Opportunity ?Pharma counters have been under the scanner and this counter after its strong upward run since August 2019 to challenge its former highs formed in March 2019 around 1770 before it succumbed to the selling pressure that emerged at those zones. The sharp decline from these levels are now attracting steady selling interest that has dragged the prices lower. With the prices going once again below the median line we can observe a more pronounced sell off that can test 1600 levels in the next few days. The inability of the prices to reclaim the median line on Thursday indicates potential to head lower. With the ADX DMI setup clearly indicating that the bearish bias has set in , we could look at the potential to move lower in the next few days. One can consider selling at current levels or use rallies towards 1680-1685 stop above 1705 target 1600.
Idea Sourced From NeoTrader
trade.chartadvise.com
DIVISLAB Short Setup [Intraday]NSE:DIVISLAB Short at 1670.70 with SL 1684.70 with 1642.70.
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
BUY BUY BUY DIVISLABS FUTURESBUY divislab Futures with SL of 168.5, hoping for a good trade in short term
Divis Laboratory Channel with Bollinger BandStock seems to has habit of moving in channel in accordance with bollinger band.
SHORT TERM || BUY || DIVISLABOne might buy Divislab on dips with SL of 1680 and targets of 1750/1762. Adjust your volumes as per entry price and respect your stop loss.
Divislab- Catching the end of triangleRisky trade setup for only risk takers
Beautiful R:R ratio
Buy at 1680/82
SL 1661.40
Target -1760/1800+
Safe traders will wait for breakout, with sl bottom of e and same target
DIVIS LAB - Ascending TriangleDIVISLAB has made an ascending triangle
Entry : 1730-1722 Range
Stoploss : 1690
Basic Target: open
Optional ways : Derivatives are best case as expiry is just 12 days away.
Idea By MALKIAT SINGH
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DIVISLAB (Divi's Laboratories Ltd) SELL BELOW 1662DIVISLAB (Divi's Laboratories Ltd) SELL BELOW 1662
