Divis Labs - Good Export DataThe co had good export data + the rupee is helping.
Expect a wedge breakout above 6000 with a Stoploss 5680.
DIVISLAB trade ideas
Breakdown Divi's labExpecting a breakdown in Divi's lab, the PE is right now 82.
Nifty Pharma chart also looks slightly weak. If Nifty falls down this can be a good contributer.
Good place to enter in this stage.Monthly 60RSI weekly. above 60 rsi. and daily support. daily supporting 40RSI. according to These parameters I hope. this is stock will. now go further down. and volume also support. Buy and sell ratio also support the share. to go. up keep I on this share.
Potential breakout in DivislabNSE:DIVISLAB A strong bullish ATH breakout is about to be formed @6200-6250 with the potential to reach 6700-6800 in a few months. With a good R: R of 1.69 one can trade accordingly.
The next big support is @ 5700 followed by 5500
divislab weak at topi found multiple setups
1. double top at the higher level
2. trendline breakdown move
have urge to fil the gap ,
recent suppport is 5780 , if this is broken then it will be confirmed down move
TradingBoth index futures and stock F&Os can be easily understood by tracking Open Interest. Simply put, when Open Interest increases, it means more money is moving into the futures contract, and when open interest drops, it means money is moving out of the contract.
The 90/10 strategy, popularized by Warren Buffett, allocates 90% of your portfolio to a low-cost S&P 500 index fund and 10% to short-term government bonds. This aims for long-term growth through stocks while offering stability with bonds.21 May 2024
Divi's Lab: Potential Upswing as VCP Pattern Nears Breakout withStock: Divi's Laboratories Ltd. (DIVISLAB)
Analysis:
Divi's Lab recently experienced a breakout with strong volume, signaling solid buying interest. Since then, the stock has seen some corrective movement, presenting a potential opportunity. The current pattern resembles a Volatility Contraction Pattern (VCP), where price consolidates in narrowing ranges, often a setup for a continuation in the direction of the previous breakout.
If this contraction phase concludes with another breakout on increased volume, it could indicate a fresh upswing and a strong bullish trend resumption.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Key Signal: Volume spike during breakout
Expected Move: Upside continuation if breakout confirms with volume
Trade Plan:
Entry: On breakout above current resistance, ideally with a high volume candle
Target: Initial target based on previous resistance levels or recent highs
Stop Loss: Below the consolidation range
Divi's Laboratories (DIVISLAB)The daily chart of Divi's Laboratories (DIVISLAB) on NSE shows a strong uptrend, with the stock forming higher highs and higher lows while trading above key moving averages (50-day SMA at ₹5809.59, 100-day SMA at ₹5358.82, and 21-day EMA at ₹5967.32), confirming bullish momentum in both the short and medium term. The price is nearing a significant resistance zone at ₹6250-₹6300, and a breakout above this level, accompanied by strong volume, could trigger further upside. The RSI at 66.98 suggests the stock is approaching overbought territory, warranting caution as a consolidation or minor retracement is possible. The MACD remains bullish, with the MACD line above the signal line and green histogram bars indicating positive momentum. Immediate support levels lie at ₹5967 and ₹5809, providing a cushion in case of a pullback. Overall, the stock is well-positioned, but traders should watch for a breakout or signs of reversal near resistance.
Divis Labs - Channel breakout viewDivis Labs :
Attempting to come out of consolidation, Channel Breakout possibility
Looks strong above 6250 with support at 6140
DIVISLAB - CHANNEL CONSOLIDATION -WILL IT BREAKOUT OR NOTDivi's Laboratories Ltd. is an interesting chart with following
1. RSI on all time frames (i.e. D/W/M) above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase
4. ABCD pattern under formation on weekly chart
5. Major price supports at 5930 i.e. 20 Day SMA and 5750 i.e. 50 EMA respectively
Breakout of 6300 + levels on closing basis can fetch 6700 + and 6980 levels as per Fibonacci projection tool
Lets see How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
VIEW ON DIVIS LABGood chart structure
After crossing a Resistance of 6185 it can show more up move towards all time high
Target 6350
Stop loss 6010
I am just representing my views
For educational purpose only.
it is still in corrective modeDivis Lab CMP 5977
Elliott- The iiird wave of C should start from here. The minimum tgt for it is 5535. They generally the strongest and sharpest moves.
RSI - the oscillator has reached the bear zone at this rally and is confirming the weakness.
Conclusion - its a good short in my view. Good news is it is a bullish corrective pattern.
#DIVISLAB Showing Remarkable Strength!💊 Stock Analysis: #DIVISLAB Showing Remarkable Strength! 💊
📈 Strong Bounce Back: Over the last few sessions, #DIVISLAB has shown great resilience, bouncing back strongly after taking support at the 50-day moving average. Despite the broader market experiencing a massive correction across sectors, this stock has demonstrated bullish strength, which is a positive sign for its momentum. 🔥
While the market's overall stance remains weak, #DIVISLAB's performance in such conditions suggests it could continue its bullish trend. However, it’s crucial to follow a strict stop loss to manage risk in this volatile environment. 🚨
Target: 6500-6700
Stop Loss: 5700
Trade Risk Free Exit (20-30%): 6220
R/R Ratio: 3
💡 Keep an eye on #DIVISLAB as a standout performer in a challenging market! 👀
📢 Disclaimer: This analysis is for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions. 💼
#StockMarket #PharmaStocks #TechnicalAnalysis #BullishStrength #SwingTrade #InvestSmart
DIVIS LAB 1HRSWING TRADE
- EARN WITH ME DAILY 10K-20K –
DIVISLAB Looking good for Downside..
When it break level 6003 and sustain.. it will go Downside...
SELL @ 6003
Target
1st 5925
2nd 5816
FNO
DIVISLAB OCT FUT – LOT 5 (Qty-1000)
DIVISLAB OCT 6200 PE – LOT 5 (Qty-1000) – PRICE (192.50)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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DIVISLAB's Open Interest Jumps 6%: Bullish Sentiment BuildsFollowing a strong upward trend, the stock encountered significant resistance near the 5,300 level, resulting in a steep drop.
Afterward, the price found support near the 2,700 mark and managed to bounce back.
During this consolidation phase, the stock price has developed a Rounding Bottom pattern.
With a clear breakout, the price is now set for an upside rally.
A notable increase in future open interest—around 6%—has been recorded for this stock.
This rise in both the stock price and future open interest indicates that significant investors hold a positive outlook on this stock.
ATH_DivislabCurrently divislab is trading At ATH.
Go long Dec_2024 futures and exit until it breaks 💔 market structure and ride the Trend 📈.
Refer technical discription in chart.
Happy Trading!! Only for educational purpose📃.
DIVIS LAB. Easy Target.- Round Base Consolidation in Weekly Timeframe.
- Once Breakout sustains, can go a long way.
- Large Cap stock. High P/E (80), Low ROE (12.2%)
For educational purposes only. Not a buy/sell recomendation.
Divis Labs: Rounding Bottom Retest Leads to Channel BreakoutDespite being removed from the Nifty 50 index,Divis Labs strategic focus on GLP-1 APIs presents a significant growth opportunity, with the market expected to reach $800 million by 2030.
DIVISLAB BASE BREAKOUTStock is creating a base pattern and given Breakout on weekly Time frame. Stock continuously in uptrend before Creating Base and also Relative strength with respect to Nifty 55 days is postives
Multi-Year Breakout: Weekly Timeframe: Week ending 11-OctMulti-Year Breakout: Weekly Timeframe: Week ending 11-Oct
Price, Volume, RSI, Timeframe of breakout & Timeframe of analysis
Stock broke its all-time high (5425.1) it made in 18-Oct-21 and closed above in the week starting 09-Sep-24.
Volumes in the week of 09-Sep-24 were above the 9 SMA
RSI in the week of 09-Sep-24 (74.80) is above 60.
A multi-year (3) breakout on a weekly time frame
The stock has been consolidating at the breakout levels for the last 3 weeks and is finally turning green in the week of 07-Oct. On 08-Oct, when I am analyzing this script, it has closed above the highs made in the week of 09-Sep-24.
Numbers
Drawdown (marked on chart) = 2695.10/-
SuperTrend (30-Sep-24) = 4718.73 is positive
ATR (30-Sep-24) = 249.37
Low made in the last analysis time frame (30-Sep-24) = 5241.7
Entry / Exit
Entry = Close of 08-Oct ~ 5547
Target = Breakout level + Drawdown during consolidation phase = 5425.1 + 2695.10 ~ 8120
Stop Loss = 1 ATR below previous week's (30-Sep-24) low = 5241.7 - 249.37 ~ 4990
Risk:Reward = 4.62
Exit criteria = Reaches Target || Supertrend turns negative || Price goes below 18 EMA
Divis Labs clear Short!Divis Labs is forming a Short Channel Pattern, indicating a bearish trend. The stock is moving within a descending channel, marked by lower highs and lower lows.
Divislab on xabcd patternAs per my view this will move like xabcd patterns will give good returns in long
