divislab analysis long after 3439 and if 3345 level breaks then short it and gap will also help us. book profit at (1:1)
DIVISLAB trade ideas
[PRZ] Divislab Short TradeShort Trade
Entry Range: 3498.9 - 3525
SL: 3556.25
Target: 3441.5,3389,3340
DIVISLAB Looks Bullish breaks the trend line, looks so bullish, stop loss will below the trend line and target will be resistance which was pointed in the chart.
Divislab :- Box Breakout with Value Buying OpportunityBox Breakdown can be on the cards. Next Target will be the difference of the box.(Marked with green lines.) There is a box made with writing Value Zone so what is it?
With Banks in rise there is expectation of Pharma to go down but with volatility around it can be a great opportunity for value buying.. So why suddenly value buying is the question
Let me explain with charts.
First look at the weekly chart.
What does this chart reflects is divislab broke out and rushed to higher levels from 2500 zone so in modern times it is very much possible that it will come for the retest before going for a new journey and with volatility around it is also possible that it will come and shoot back up.
Now next thing is why i am expecting it to come here. Lets look at price action chart.
Divislab is making lower highs in past few swings and it might continue with it if breaks the box comfortably.
Now back to the published chart if we get opportunity to grab this stock anywhere between 2700-2500 we should grab it with both hands.
Keep an eye folks. Cheers and Happy Trading.
District Bullish Bat pattern is going formed on the DIVISLAB.(i) A Bullish Bat pattern is defined when the B point is less than a 0.618% retracement and In the above chart there is 50% B point of XA leg retraced.
(ii) A Bearish Bat Pattern occasionally forms after retracing from a critical high point. ie, 3388.70
the retracement 0.886 will occur close to the prior high when completed, which is X.
Wait for the entire Potential Reversal Zone to be tested before executing, to validate.
Terminal Bar means reversal bar is important to excuse our trade setup.
For target, You can use Fib Ratio 62.8% and 38.2% as targets.
A NEGATIVE CHARTNIFTY PHARMA INDEX IS UNDER CONSOLIDATION ZONE AND WE CAN SEE SOME MAJOR SHORTS BUILDUP IN PHARMA STOCKS..DIVIS LAB CAN BE A GOOD SHORTING CANDIDATE FOR SHORT TERM GAINS AS IT HAS CLOSED BELOW IT'S 50DMA WHICH WILL LEADS TO MORE BEARISHNESS IN THE STOCK..THE INDICATORS ARE SHOWING SOME MORE BEARISHNESS IN THE STOCK..
DIVIS LAB BUY CALL FOR SWING TRADERAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Divislab Closed Below "Bearish Engulfing"Divislab below 50 days moving average + has broken low of bearish engulfing candle.
Sell Divislab At Cmp 3079 Or On Rise To 3125-3130, Strict SL - 3270 (Day Closing Basis) Target - 2750/2800
DIVIS Laboratories, great comeback!DIVIS Laboratories showed a great comeback today from its strong support zone around Rs.3025. Gave clear Rs. 50/- on upside from the closing high of the buying divergence (yellow) candle on hourly chart.
Next resistance around Rs. 3120. If that is broken, it can move towards 3100 / 3200 levels.
Indicator used TE REKAB, it captures reversals in the market.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of on intra-day trade !!
Divislab:- Intraday/swing tradeSustaining below decision zone will push the scrip towards 3080.
Sustaining above decision zone will push the scrip towards 3250.
Regards
divis lab taking resistancethe stock has consolidated and is in high resistance zone go long with 2-3% below as stop loss
