DIVISLAB trade ideas
DIVIS LAB LONG AFTER BIG CONSOLIDATIONDIVIS LAB has underperformed for so many months as it was in a long consolidation. However, it gave breakout last weak with good volume and thereafter a retest with low volume. So now I feel it's good to up from here.
BEARISH DIVERGENCE ON DIVISLAB | BEARISH PATTERNDIVISLAB ON ITS DAILY CHART HAS FORMED A RSI DIVERGENCE | STOCK CAN SHOW SOME DOWN MOVE |
Trying to take a retracementA great entry for Divis Lab @3900. As per Fundamental Pharma sector is travelling like rocket.
BTST OR SWING TRADE MIN TARGET 4200, SL BELOW 50 EMA DO YOURDO YOUR OWN ANALYSIS ANY SUGGESTION WELCOME
Divis Lab - More bull run aheadHigh volume breakout
Low volume pullback
Pullback till Fibbs Level
Currently in Flag Pattern
DIVIS LAB SHORTShort divis lab below 4028
The top has been breached and a fall is expected after the first pullback. The stock is low on volumes with a negative RSI diversion and is advancing its 200 ema. More fall will be there if it breaks the trend line.
Divis lab buying level 3900-3800 Sl below 3600 Target 4000- 41Divis lab buying level 3900-3800
Sl below 3600
Target 4000- 4100- 41200- 41400+
[Positional/swing] Divislab Long....Good structure in divislab
Uptrend with increasing volumes
now consolidating with low volumes
So buy 50% above 3855
add more if close above3900
for 6% immediate target approx. 4130
weak below 3650
Fundamentals also looking good
Market Cap--₹ 100,340 Cr.
ROCE--24.4 %
ROE--18.6 %
Promoter + institutional holdings More than 89%
Debt Free
Breakout in Divis lab after long consolidation Divis lab has given a strong breakout after months of range bound consolidation. Target 4600
Divis Lab at crucial resistance zone1) Price is above Trend line
2) Resistance zone formed is very crucial
3) Last breakouts were not failed
Now here is the point I observed that after breakout price retest the breakout resistance so be patient do not feel FOMO if it sky rocket from here try to enter when stock making a retracement
Divis Laboratories - Very Important Zone (SWING TRADE)Stock has made all time high but has been rejected multiple times from the same zone, might come for selling tomorrow
However looks good for swing
Buy only if hourly candle closes above 3925 !!
P.S. Sell below 3850 only for targets of 3800 and 3780 (Intraday)
FY21-22 Swing Trade Idea #2 : Long on DIVISLABThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Divis Lab Resistance Breakout - Flag Pole BreakoutDivis Labs:
Resistance Breakout Possibility & Kind of Flag Pole Breakout
Long above 3930 with a SL 3827
