Intraday Divislabs divislabs is in continous downtrend and it also fill the previous gap. If it manages to go bellow 2790 it can show good downmove.
Entry - 2790
Sl - 2825
Target - 2720
DIVISLAB trade ideas
Buy divis at 2500 level for target of 3200Divis labs wil hit target of 2500 as per C&H break down.
Pull back to 3200 from 2500 is possible.
divislab "head&shoulders" patterndivislab "head&shoulders" pattern downside potential with targets of 2800 and 2500
Divis LabDivis Lab
Classic Pattern.
Also consolidating in a tight range for last 6 weeks.
Keep an eye
Soon we may get the trending moves post breakout or down.
DIVISLAB Down to FILL GAP ???!!! Chart Patterns insist me to go with the opinion titled above!!!
REASONS:
1. Divislab has been travelling in a MAJOR Expanding Triangular pattern .
2. It's been travelling in a Descending Channel pattern(downswing inside the major pattern).
3. Soon the Stock may take support @ the major support.(Green line shown in chart).
4. There is also a GAP (occured in Aug 2020) ....which too can act as Support!!!(thus gap can be filled.)
SL- Day candle closing above 3770
Target - 2900
Let's wait and watch whether its going to take Support or Break it!!!!
Note - Just sharing my view ....not a tip nor advice!!!!
Breakdown in Divi's Laboratories Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Short DivislabDivislab results are expected and every result is showing a drop in stock price. Divislab closing below 3265 will see further drop of the stock to 3020 range.
DIVIS LAB POSSIBLE BREAKOUT NSE:DIVISLAB
SWING TRADE
DIVIS LAB POSSIBLE BREAKOUT
If it breaks weekly trend
15% can be first target
Stoploss is also small
Divis Lab Bullish at 15 minsDivis lab is bullish in daily as well as 15 mins time frame. Trendline breakout at 15 mins and daily timeframe. Also in 15 min, the price is near 50% Fib Retracement. Buy when the price sustains above 3410
DIVISLAB looks bearsish from now A Divislab is look bearish from now
Stock is in consolidation from 09.Nov.2022
Its show a fake breakout from 3419 to3643
And then make a GRAVESTONE DOJI AT TOP
And again show a consolidation
from 12.jan its breakdown the M PATTERN
Now its show retrechment at 3400
stock is bearish till 1trg 3200
2trg 3026
DIVISLAB in a triangle.Chart is forming a triangle pattern. Price has fallen 18% from the top of Nov. It is also forming a triple bottom in the base of a triangle.
DIVISLAB becomes a BUY at 2760 approxi will think of buying this stock when it reaches the confluence support of yellow trend line, UM of white pitchfork and AVWAP........2760 approx
Divis Lab: At support and trading strategyChart setup
The stock has previously taken support at 3450 odd levels in late May - June 2022 / Aug 2022 / Oct 2022
- it broke down below that in November and the same level acted as resistance in for a month and a half
- now again trading above the crucial levels
- blue trendline support comes at 3330 odd levels on 25 Jan 2023
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My Trading strategy
Given the set up going with a Put short
Sell 3400 put option currently around 92-95
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Gain potential and understanding risk profile
The strategy has a max profit potential of Rs 13800 per lot and (ROI potential of 15.5% approximately)
The strategy has inbuilt loss protection for a fall up to 3308 till Jan expiry.
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My Risk Management levels
On the downside I would be watching out for 3405-3388 odd levels.
It give enough time and scope to adjust / exit in case view gets invalidated.
Take care & safe trading...!!!
Hope the analysis and explanation of trading strategy helps you plan and manage your trade.
Do let me know if you find the analysis and insights helpful.
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
DIVISLAB | Recovery ? after 12 days of consolidation.• Major trend is bearish but we can trade reversals of this big bearish impulse with good risk and reward.
• Seems like consolidation of 12 days (shown by box on chart) can become base for price, to recover again to some extend.
• Entry:- 3425
• Upside Fib-levels can become our targets.
Targets :- 3549.55 , 3633.20 , 3710.80 , 3752.25
• Stop Loss / SL :- 3311.25
Also recovery from here is the need of the stock price to stop fall . Mentioned in my previous idea . link is attached below
Divis Lab Daily Analysis Buy for target 3666- 3793- 3900- 4130Divis Lab Daily Analysis
Buy for target 3666- 3793- 3900- 4130- 4350- 4600- 5000+
buy Some more if get @ 3420
Holding Period 2-3 Years
Divis Labs - Breakout viewDivis Labs :
Looks good for channel breakout
Long above 3545 with support at 3500
Divis Lab: Excellent opportunity to accumulate. TG 5425
Last week's close above the center line of the channel of extreme points of corrective Elliott wave 2-4 &3 has improved the probabilities of the price going up. Now probability of the price coming below 2784 is too less.
One can start accumulating from the level of 3328 or buy on dips for >35% up side within 57 weeks. Weekly RSI divergence can be seen from 30.59 to 34.41.
divis lab near accumulation zoneStrong chart patter suggests it to be approaching the accumulation zone by a very respectable trend line
Respecting Very Good Support Zone If support breakeven then u can short OR If respect the support zone then any stong candle then We Go for LONG slide
Divislab available at good support price, 3-5% quick gainsIn Monday's probable gap down, Divis lab should be available at good weekly support price of 3370-3463 price range. If anyone able to enter in this price range then targets 1) 3676 2) 3797. Weekly hammer candle also seen, keep eyes open for quick scalping of 3-5% gains.
DIVIS Labratories - Break 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
Divis Lab - reversal Trade - Target 3750 & 4450Divis Lab - Reversal Trade - Target 3750 & 4450
Showing signs of reversal. 12 days of consolidation then break out
Weekly Doji at support bottom (Sept 2020 levels) followed by Marubuzu this week confirming reversal.
RSI showing strength on daily chart with upward momentum as well as MACD weekly cross over.
Good RR. With 5% as SL one can target 33%.
Also this recommendation/presentation and all future ones are & will be only for learning purpose.
Please consult your financial advisor before investing.
Thank you.
Divis Lab - Engulfing Bullish patternFew days of consolidation with Engulfing Bullish pattern observed in Divis Labs. For short term it could be a good buy opportunity.
