Divi's Laboratories Limited is an Indian multinational Pharmaceuticals company and producer of active pharmaceutical ingredients and intermediates headquartered in Hyderabad, Telangana, India. The company manufactures and custom synthesizes generic APIs, intermediates
Hello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied.. According to me, an up move of 20-25% can be expected in DIVISLAB.
Keep trading...
Divis labs gives a little break on relative strength indicator but it seems have to wait for a confirmation too of breakout on falling resistance trendline will wait for a break and close above on that, till then I added it to in watchlist and setting an alert for a breakout confirmation, that is why I am tagging this idea into neutral tab.
Its looks like that Divis will make a Flag pattern & will again go up to achieve First Target 3850,
& Will go up to achieve Second Target 4000 if With stand above 3900.
Trade on your own Risk.
📈 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...
HI,
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...
Long 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.
Long 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...
Short 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....
Long 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!
Short Opportunity -
Divis Lab has formed a double bottom on a 1-hour chart timeframe and it is in retracing mode, so it is expected that this stock will fall down on the next trading day till Rs. 4267.90. We will go for short if any candle closes below 4372.75.
Long 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...
Short Opportunity -
Divis lab took strong support of Rs. 4013.10. The international market closes in negative sentiments, so it is expected that this stock will open a gap-down. We will initiate our short selling of this stock closes below the level of Rs. 4013.10.
But we can't ignore that there is a double top pattern formed in this stock. and if his stock opens...
Short Opportunity -
Divis lab is in the downtrend. We can go for short if it crosses the support level of Rs. 4100. The CPR is narrow and at the downside so we can expect a downtrend movement in this stock. It has strong resistance of Rs. 4118.85, if this stock opens above this level and 15 min candle closes above this level then there will be bullish movement expected.
