DIVISLAB
Divis Lab - reversal Trade - Target 3750 & 4450Divis Lab - Reversal Trade - Target 3750 & 4450
Showing signs of reversal. 12 days of consolidation then break out
Weekly Doji at support bottom (Sept 2020 levels) followed by Marubuzu this week confirming reversal.
RSI showing strength on daily chart with upward momentum as well as MACD weekly cross over.
Good RR. With 5% as SL one can target 33%.
Also this recommendation/presentation and all future ones are & will be only for learning purpose.
Please consult your financial advisor before investing.
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Divis Lab possibility of going bearish for short term.As you can see Divis Lab is on the way to downside, in minor Wave E forming a Triangle pattern.
As per EWT minutte wave (c) can travel till fibo ratio 1 or 1.2 which are also my target.
But a trader must be cautious if it breaks the invalid level of 3710, if this level breaks above all study/ Analysis will be invalid.
Divis laboratories Could be selled for a few daysNSE: DIVISLAB
Hello guys today after seeing the chart I got these things
1. If goes down then the target could be taken at 3449 This could be taken as a maximum downside target in my opinion at the early stages now
2. Time Frame:- 1 Day
Conclusion:-
A trendline has been broken at the current levels and thus it could work as resistance, I have seen some forecasts show that it could be down and could be followed by the market also I got that to follow us and like the posts and Comment Below If You want to ask me questions on this on any other idea
Have a Nice Day to you all
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Based on Your Own Risk this is only to show you what's going on
Divis laboratory gave a decent breakout above 3635BSE:DIVISLAB gave a decent breakout above the level of 3635 which was resisted twice and came back to a bottom level, thus the bottom wasn't breakdown showing a good sign of bulls in the stock and the breakout was also a proper green candle closing above the resistance level, thus my view is to go long and the target is 3859 with a strict stop loss of 3450..
DO like if its worth...!
thanks.
Divis Lab Analysis !! Broke Out📈 Divis Lab 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above previous high of 4450.
On Buy Side I am looking for Targets of 4680, 4940 and 5370.
StopLoss should be kept below 4200-4300zone.
It offers 1:3 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
DIVIS LAB LOOKING GOOD FOR A SWING TRADE AND A SHORT TERM TRADE
DIvis lab is looking good
REASONS
1. It was facing resistance from a trendline that is in red color and recently it had given a breakout of this trendline.
2. A triangle pattern had started forming on January 18 and recently the pattern had also given a breakout.
3. For the past few days the stock is consolidating in a narrow zone and it may break the zone at any time we could expect a big move after it.
4. Recently the stock had broken its 200ema and 50ema so now they both are acting as support for the stock
LOGIC BEHIND THE TARGET AND STOP LOSS.
1. the height of the pattern is taken as the target for the short term.
2. and for the swing trade, the first resistance had been taken as the target.
3. the 200 ema and 50 ema is also supporting the stock so we had taken it as the stoploss.
Divis Labs (Bullish stance)Divis Labs:
Sector: Pharma and Biotechnology
Industry: Pharma
Divis Laboratories (Weekly):
1. Double Bottom
2. Breakout of Double Bottom
3. Positive Crossover of 5,13 Weeks Exponential Moving Average
Daily:
1. RSI Bullish Divergence and Double Bottom Breakout
2. Trendline Breakout
3. Good to buy above consolidation breakout (closing above 4590)
4. Positive crossover of 5,13 Days Exponential Moving Average
5. Trading above 200 Days Exponential Moving Average
Addl Points:
1. FII/FPI have decreased holdings from 19.30% to 18.45% in Mar 2022 qtr
2. Mutual Funds have increased holdings from 13.35% to 13.68% in Mar 2022 qtr.
Note:
1. The above analysis is just for educational purpose.
#Divislab Long (30 Mar)#Divislab Long (30 Mar)
RSI-62
Rising 3 candlestick pattern at resistance
Buy at CMP- 4590 or at 4550
SL- 4448
Target- 4732, 4950
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