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Divislabtechnicalanalysis

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.
NSE:DIVISLABLong
by ShelendrAgrawal
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.
NSE:DIVISLABLong
by deeptinseth
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!
NSE:DIVISLABShort
by sayenpure
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.
NSE:DIVISLAB
by sayenpure
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.
NSE:DIVISLABLong
by sayenpure
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.
NSE:DIVISLABLong
by sayenpure
Divis Lab - Short OpportunityShort 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 in positive sentiments, we will wait to retest this stock at a level of Rs. 4046.90 and then we can go for long. But there is a high probability trade at the downside.
NSE:DIVISLABShort
by sayenpure
Divis Lab - Long Opportunity.Long Position - Divis Lab is now showing as an uptrend. If this trend continues on Wednesday then it might give the level of Rs. 4455.25 in the next 1-2 days. But we have to be cautious at this level, as Nifty Pharma is not in a recovery zone. But there is a Minor SR at the level of Rs. 4236.45, In case markets open gap up then we can initiate a trade in the above-drawn zone, but the condition is the first candle should be closed as bullish. If these all rules fit we can go for long and can easily achieve 30 points in intraday. Beware that if the market opens in bearish sentiments there will be correction expected.
NSE:DIVISLABLong
by sayenpure