Short Term Trading Opportunity in Divis Labs for > 10% UpsideHi,
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 entry, stop loss and targets mentioned on the charts for educational purpose.
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Divislabanalysis
Potential Breakout: Divi's Lab Above 5040, Targeting 5120Details:Asset: Divi's Laboratories Limited (DIVISLAB)Breakout Level: Above 5040Potential Target: 5120Stop Loss: Below breakout level or as per risk toleranceTimeframe: Short-termRationale: Divi's Laboratories Limited (DIVISLAB) is on the verge of a breakout above the 5040 level. If the stock sustains above this level, it could potentially move up to the 5120 target, indicating a short-term bullish momentum.Market Analysis:Technical Breakout: The breakout above 5040 suggests a possible upward move towards 5120, signaling a short-term bullish trend.Market Sentiment: Positive sentiment or underlying strength in the stock may support this short-term breakout scenario.Price Target:The immediate target for DIVISLAB is set at 5120, based on the breakout above 5040.Risk Management:Implementing a stop loss strategy below the breakout level is crucial to manage risk in case of unexpected price reversals.Timeframe:The move towards 5120 is anticipated in the short term, but actual timing may vary based on market conditions.Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
DIVIS LAB: Ending DiagonalTheory:
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 the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat.
After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal sturcuture)
OUTLOOK:
Prices are likely to extend the recovery towards 4070 in the coming weeks with any weakness holding above the zone of 3460
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 Labs - Short Term Buy - 21 April 2022HI,
Divis Labs looks good for a breakout after a consolidation of many days.
Best buy would be above 4550 with a SL of 4349 (as of now) and targets of 4960 and 5100.
Daily Macd is showing signs of bullishness and Weekly Macd is giving a breakout for upside moves.
Rsi is above 50 and a move above todays high will confirm the bullishness.
Stock is trading above Monthly pivot for quite some time now.
Could be a Flag Pattern also, with a target of Pole - of about 596 points, whichgives a target of around 5000 approx.
Disc : For educational Purpose Only!!
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.
Divis Lab - Long OpportunityLong Opportunity
Divis Las has moved more than 100 points on the last trading day, and then it went sideways. If it crosses the level of Rs. 4573.90 then we can go for long. there is a long target for the positional trader because this stock has created a double bottom pattern on the daily chart, which means there is bullish movement expected in upcoming days.
Divis Lab - Long OpportunityLong Opportunity -
This is the recovery rally, but there is not a huge impact we have seen on Divis Lab stock, but it may go positive if there is any positive news about the Russia-Ukraine war. For now, we can expect positive movement in the stock. If this stock opens a gap up or flat we can go for long once it crosses the level of Rs. 4480.65 for the target of Rs. 4524.75.
Divis Lab - Short OpportunityShort Opportunity -
Divis lab has formed a bearish pattern on Day, 1 Hour and 5 Minutes timeframe chart and for upcoming days there will be a bearish movement expected in the pharma sector. There is no direct connection between the Russia-Ukraine war but as the many pharma sectors have their plants in Russia, there may be an effect we can see on this stock too. The level of Rs. 4430.30 is very crucial and if this support breaks there will be a sharp fall expected. We can go for short if this level breaks for the target of Rs. 4373.20.
Happy Trading!
Divis Lab - Long OpportunityLong Opportunity -
Divis lab has shown bullish sentiments, and it is expected to go up on the next trading day. If it crosses the level of Rs. 4520.55 then we can go for long for the target of Rs. 4551.30. But it has formed a double bottom pattern in 15 minutes timeframe, so it might retrace at a neckline of Rs. 4466.65.
Happy Trading!
Divis Lab - SidewaysSideways
Divis Lab is on the uptrend, but it is having a holt on Rs. 4400, which is the psychological number. When the stock trades at this psychological number it means that the stock might take a holt over there and then may show breakout. If it crosses the critical level of Rs. 4404 then it will show an upward direction again. We can go for long if it crosses this level. But This stock shows both upward and downward trends so there are high chances that it will go sideways.
Divis Lab - Long OpportunityLong Opportunity -
Divis lab ha retraced on last trading day, and it has collected strength to go up. There is critical resistance of Rs. 4352.80, if this stock cracks this level we can go for long or else if this stock falls down we can find buy opportunity at the level of Rs. 4304.45, it can take support of this level and may jump to achieve the target of Rs. 4443.75.
Happy Trading!
Divis Lab - Long OpportunityLong Opportunity-
Divis Lan is in an uptrend and on Friday it can show bullish movement. There is Resistance Zone between 4331.10 to 4334.10, Price has given multiple attempts to break this level, but didn't sustain over there. If it crosses this level then we can go for Long for the target of Rs. 4380.70.
But kindly note that we can't ignore the double top pattern of this stock if it retests at a level of Rs. 4296.40 then we can go for short for the target of Rs. 4241.
Divis Lab - Long OpportunityLong Opportunity -
Divis lab has confirmed the change in trend. The uptrend has started, The stock gives multiple attempts at a level of Rs. 4235, which is the Fib level of 0.382 but it has not broken this level. The support is strong and it is ready to take the jump. Very soon we can expect a level of Rs. 4461.50.
We can go for a long on Thursday, there are two targets are expected but as the international market closes in positive sentiment, it might open gap up. If it happens we can go for long for 2nd target.
Divis Lab - Long OpportunityLong Opportunity -
Divis Lab has changed the trend from the downward to upward direction. It has been retested at the neckline of Rs. 4066.00 & take a bounce from it. So, there is a bullish trend expected in this stock on Wednesday. It may consolidate at a level of Rs. 4174.55 & then may take a jump or it will retest at a level of Rs. 4116.50 & then may jump. We can plan for the long opportunity for the target of Rs. 4268.60.