Divis Lab - Long OpportunityLong Opportunity -
Divis lab ha retraced on last trading day, and it has collected strength to go up. There is critical resistance of Rs. 4352.80, if this stock cracks this level we can go for long or else if this stock falls down we can find buy opportunity at the level of Rs. 4304.45, it can take support of this level and may jump to achieve the target of Rs. 4443.75.
Happy Trading!
DIVISLAB trade ideas
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.
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
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.
Divis Lab - Long OpportunityLong Opportunity -
Divis Lab has changed the trend from the downward to upward direction. It has been retested at the neckline of Rs. 4066.00 & take a bounce from it. So, there is a bullish trend expected in this stock on Wednesday. It may consolidate at a level of Rs. 4174.55 & then may take a jump or it will retest at a level of Rs. 4116.50 & then may jump. We can plan for the long opportunity for the target of Rs. 4268.60.
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.
Divis Lab - Short OpportunityShort 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.
Divis Lab - Short OpportunityShort 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.
Divis Lab - Short OpportunityShort 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 between 4192.45 to 4163.55.
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.
DIVISLAB - Breakout after reversal from support - Swing tradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
DIVISLAB- Confluence Trading strategyPrice closed
1. Above upper trendline marked
2. 4370 levels was the previous support turned resistance which has now been broken on the upside. Did try quite a few times over the last few days at this level
3. Stock closed above 50 EMA
4. Stock closed at the 200 EMA. Could have been more positive about this if it closed above the 200 EMA
5. Good volumes
Target levels marked
PS: This is purely my view of the stock and not an advisory call.
Trendline Breakout in DIVISLABDON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in DIVISLAB
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using Breakout Indicator
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Buy Today, Sell Tomorrow: DIVISLAB for more than 5%
Divis Lab - Fundamental + Technical Positive (Multiple Triggers)Divis Labs corrected corrected fairly after almost a continuous rally of about 40% in say 6 months. After making a peak at 5389, it corrected nearly 30%. Now, it seems to have consolidated well and is in good shape to resume its bull run going further.
Points working in favor:
1. Fundamentals are improving pretty good
2. Double Bottom with positive RSI Divergence
3. Price action is strong on weekly chart as well
Key Resistance points/Target points:
1. 4689
2. 4769
3. 4890
4. 5016 (Fresh strong rally possible after this stage on closing basis)
Key Support level/stop loss: 4300
Positional or Longterm Opportunity in Divis LabGo Long above 4498.1 for Targets of 4804.15, and 5110.2 with SL 4192.05
Reasons to go Long :
1. On a Daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. In addition to this the stock gave Trendline breakout on a Daily timeframe.