Divis labs long at 4590Tranche 1 of 7 shares @ 4590
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price topped out in Aug 2021 end, then distribution till Oct, Decline till Dec end and Accumulation from Jan. Currently price bouncing from 200 Daily EMA
Also Price higher than 200 EMA (daily), higher than 21 EMA (Daily), lower than 50 EMA (Daily). Price crossing over 50 EMA daily would signal trend change confirmation
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI? Yes
2. At important support or resistance - horizontal - Yes bounce from 4400 zone
3. At important confluence of EMAs + price + support - Yes - Daily 200 and Weekly 50
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - No clear play as of now
4. Is there any trend continuation in play?
Currently in accumulation.... Good candidate for up trend to start
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No, not yet.
6. Fundamental factors in play
1. EPS growing quarterly and yearly due to revenue growth and OPM growth (very healthy growth)... PE is lowest compared to EPS growth since Dec 2020
2. Are institutional investors/promotors increasing their stake - Slight decrease in FII and retail holdings which was lapped up by DII
DIVISLAB trade ideas
Very basic but pretty effective pattern - 'W' patternWe can easily see the chart of DIVISLAB forming the 'W' pattern. We can buy when there will be one green candle on the support of rectangular box.
How to buy the stock?
Buy above the high of the candle and put the stoploss below the low of the candle.
Target of this trade will be 1:3.
DIVISLAB_BULLISH_BATBuy Above : 4630
Tg : 5238
CBSL : 4330
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Weekly log scale . Depth of corrective waves (1) Wave (iii) is a wave with a 1st wave extension . It has corrected by wave iv till 38.2% . Wave iv has corrected to wave ii of one lesser degree as per Elliott guide line regarding depth of corrective waves .
(2)See the alteration between wave (ii) - Flat and wave (iv) - Zig Zag .
Long with with SL of 3450 as today a close above 3519 will complete a bullish reversal three inside up pattern
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.
DIVISLAB LongLooks good for a move up , levels plotted on chart
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
range breakdown with engulf candlerange breakdown with engulf candle is a bearish sign .
NSE:DIVISLAB may come to previous support zone.
sellers-
short entry at 4425-35 ,
target =previous support 3900,
SL 0.6 of bearish engulf candle
buyers- we should enter at previous support 3900-3930 to take small target of 8-10% by putting SL below zone.
Happy trading
DIVISLAB - 50 EMA crossing 200 EMA from belowDIVISLAB - 50 EMA crossing 200 EMA from below in daily TF. It is currently consolidating b/w the range of 4377 and 4579. If it breaks out and closes above 4579 in daily time frame, we can go long. TP will be 4687. It can be a good short time swing trade. Target can be achieved in just few days.
DIVISLAB - Daily TF
Entry Above : 4580
SL : Below of the BO candle
TP : 4687
TP for long term : 5017
N.B. : Sharing my own view. For educational purpose only. You are welcome to correct me if you see any mistake in my analysis.
DIVIS LAB LOOKING GOOD FOR A SWING TRADE AND A SHORT TERM TRADE
DIvis lab is looking good
REASONS
1. It was facing resistance from a trendline that is in red color and recently it had given a breakout of this trendline.
2. A triangle pattern had started forming on January 18 and recently the pattern had also given a breakout.
3. For the past few days the stock is consolidating in a narrow zone and it may break the zone at any time we could expect a big move after it.
4. Recently the stock had broken its 200ema and 50ema so now they both are acting as support for the stock
LOGIC BEHIND THE TARGET AND STOP LOSS.
1. the height of the pattern is taken as the target for the short term.
2. and for the swing trade, the first resistance had been taken as the target.
3. the 200 ema and 50 ema is also supporting the stock so we had taken it as the stoploss.
Divis Labs - Short Term Buy - 21 April 2022HI,
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 Monthly pivot for quite some time now.
Could be a Flag Pattern also, with a target of Pole - of about 596 points, whichgives a target of around 5000 approx.
Disc : For educational Purpose Only!!