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
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....
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.
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.
Short Opportunity -
Divis lab is now showing a downtrend, it has reversed from 0.5 level of fib retracement which is also showing a downtrend. We can go for short if this stock closes below Rs. 4153.40 then we can go for short. This is the level where the stock will break its descending triangle pattern.
Short Opportunity -
Divis lab has taken resistance of Rs. 0.382 level of fib retracement and started falling down. There is bearish movement is expected as all the international market is closing in negative sentiments. If this stock closes below the 4151.50 level then there will be a strong bearish movement is expected. Ignore this stock if it gives movement in...
