Divis Labs: Breakout Entry Signals Promising Opportunity for SwiDivis 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 caution and conduct thorough research before making any investment decisions. This analysis is provided for informational purposes only and should not be construed as financial advice.
DIVISLAB
Divis lab - Keep an eyeThe 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 setup are only for learning and sharing purposes. it is not a bit of trading advice in any form.
All the best.
DIVISLAB | Investment Pick📊 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 welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Divislab,1D formed HammerDivi'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
DIVISLAB - wait for clear directionDIVISLAB
Above all moving averages on Daily, Weekly, and Monthly time frames.
Clearly, we can see 3632 will be strong resistance -- and after slight consolidation once it takes off -- 3900 will be major resistance.
Add to watchlist --
Wait for a clear crossover of 3632 level before entry.
Study further before trade ...
DIVILAB : A MUCH AWAITED REVERSAL RISK REWARD UPTO 1:13.75Divi's Laboratories Limited is an India-based company, which is engaged in manufacturing and sale of active pharmaceutical ingredients (APIs), intermediates and nutraceutical ingredients with predominance in exports. The stock is in downtrend since Oct 2021 and was moving in a channel. However , we saw channel break out on 13 April 2023 and we see that the level @ 3188.55 has supported the price thereafter and may proved to be next swing to the reversal trend. An opportunity to enter the trade as the risk reward ratio is high due to relatively small Stop Loss .
ENTRY @ CMP i.e. 3207 ,
STOP LOSS @ 3046.20
TARGETS : 3911.80 , 4410.20 , 5420
RISK REWARD RATIO : 1:4.3 TO 1:13.75
We rarely get such opportunity with such a great Risk Reward Ratio. Worth taking this risk and certainly a trade opportunity not to be missed .
Please remember that this study is only for education purpose , do your own analysis before trading. Good Luck !!!
Divislab - short term positive trade setupClarification of setup
1. candle closure on 7th feb and 14th march 2023 seems there is good support near 2720 levels and can be assumed as double bottom setup.
2. divergence has occurred between price and RSI , indicating short term bullish pattern .
3 entry, t1 and t2 has been marked in chart.
Note for everyone who came across this study:
This chart is only for educational purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
DIVISLAB Down to FILL GAP ???!!! Chart Patterns insist me to go with the opinion titled above!!!
REASONS:
1. Divislab has been travelling in a MAJOR Expanding Triangular pattern .
2. It's been travelling in a Descending Channel pattern(downswing inside the major pattern).
3. Soon the Stock may take support @ the major support.(Green line shown in chart).
4. There is also a GAP (occured in Aug 2020) ....which too can act as Support!!!(thus gap can be filled.)
SL- Day candle closing above 3770
Target - 2900
Let's wait and watch whether its going to take Support or Break it!!!!
Note - Just sharing my view ....not a tip nor advice!!!!
Breakdown in Divi's Laboratories Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.