DIVISLAB
Intraday levels - 31 May 20211. Price action
2. Perfect example of ( Resistance become Support )
3. Supply ans Demand area marked in chart .
Divis Lab - More bull run aheadHigh volume breakout
Low volume pullback
Pullback till Fibbs Level
Currently in Flag Pattern
DIVIS LAB SHORTShort divis lab below 4028
The top has been breached and a fall is expected after the first pullback. The stock is low on volumes with a negative RSI diversion and is advancing its 200 ema. More fall will be there if it breaks the trend line.
[Positional/swing] Divislab Long....Good structure in divislab
Uptrend with increasing volumes
now consolidating with low volumes
So buy 50% above 3855
add more if close above3900
for 6% immediate target approx. 4130
weak below 3650
Fundamentals also looking good
Market Cap--₹ 100,340 Cr.
ROCE--24.4 %
ROE--18.6 %
Promoter + institutional holdings More than 89%
Debt Free
Breakout in Divis lab after long consolidation Divis lab has given a strong breakout after months of range bound consolidation. Target 4600
Divis Lab at crucial resistance zone1) Price is above Trend line
2) Resistance zone formed is very crucial
3) Last breakouts were not failed
Now here is the point I observed that after breakout price retest the breakout resistance so be patient do not feel FOMO if it sky rocket from here try to enter when stock making a retracement
Divis Laboratories - Very Important Zone (SWING TRADE)Stock has made all time high but has been rejected multiple times from the same zone, might come for selling tomorrow
However looks good for swing
Buy only if hourly candle closes above 3925 !!
P.S. Sell below 3850 only for targets of 3800 and 3780 (Intraday)
FY21-22 Swing Trade Idea #2 : Long on DIVISLABThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
DIVISLAB : EXPECTING GOOD RUN Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Divis lab on Verge of Resistancedaily chart pattern
positive sentiment of pharma sector
Need Volume for Confirmation
Up from 20 50 100 200 EMA
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
I have a List of Top & Best Shares for investing in Stock Market 2021
360 Capital Gain
Divis lab breakoutDivis lab failed to cross the zone again same level attempting to break.
Let's see pharma is in full swing.
Divis labdaily chart pattern
positive sentiment of pharma sector
Need Volume for Confirmation
Up EMA
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
Divis Lab on the Move to Upside!BSE:DIVISLAB
Observations on the Chart.
The scrip is gaining momentum in the said channel and will head up higher.
The levels of rejections and potential target are mentioned in the chart.
All predictions are merely educational and not a trading advice whatsoever
Divislab long above 3920Divislab in consolidating between 3800 and 3300 since the beginning of the year. The stock is bullish above 3920 which will be a breakout. If there's a trend continuation, the price will reverse and may reach 3300 which is a good support.
Divis Laboratories - ThursdayTrade | 15th AprStock has taken rejection from the resistance zone for third time this year.
Good to short if stays below trendline.
Sell below 3675 for a target of 3600 and 3561
Consider to buy only and only if sustains above 3915 for target of 3950, 3975
DIVISLAB RESISTANCE BREAKOUTDIVISLAB is near it's resistance & it can nice a breakout which can initiate a positional trade for a target of 3900.
BuyRSI is indicating likelihood of breakout from falling trendline. Abv 60 RSI is indicating strength of the move. RS is positive. Volume is good. EMAs have crossed to the up. Price has bounced from near the 1 year EMA. Dip towards 3650-3550 is an opportunity to enter long with sl below 3350 and keep holding for 2-3 times of risk. Long wick formed in last 2 trading sessions amy give false impression of supply. Once it take-out the high of 3800 then probability of breaking falling trendline will be high. Minor higher high has been posted by higher low is yet to be posted which can be around 3650-3550 zone.
Disc : it's not an investment advice to buy or sell
