DivisLab made a Proper HigherHigh and HIgherLow.,. Now its at Proper Higherlow,, look for Priceaction for Proper entry and Stoploss. There are two levels for Buying. Follow Risk Management.
this is almost bottom out and expecting a rally from current price
Reason for long a) Mr.14 set up b) Weekly breakout c) volume spurt d) Monthly breakout e) SL compulsory f) good risk reward zone
Divis Laboratories Ltd. Sector: Pharmaceuticals & Drug monthly chart shows accumulation at bottom and start making HH & HL pattern.... on weekly chart price in demand zone with long term TL support... daily chart shows divergence with RSI which shows accumulation @ bottom...
Divislab is forming tight consolidation. Kindly keep an eye on 3780 Level If break above it : Target 3900, 4000+ Levels possible. SL: 3672 Risk is yours and Reward is too yours Time Frame : 15 to 22 trading days max.
Divis laboratories analyasis on 18 Nov 2023 Fundamentally strong stock Good reserve with low debt & Good FII Investment best price to buy above 200 EMA stoploss - 3270 target 3802 3980 4080 4593 & 5300
In the Weekly Chart of DIVISLAB , we can see that, it is coming to retest the Inverted Head & Shoulder breakout. Let it retest properly and create a Pinbar on support. Expected momentum is shown in chart.
Scrip has showing trend reversal with reverse head and shoulder pattern break out. It has potential to give approx. 40% gain from current price even if someone ride it till its all time high. DISCLAIMER: The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip....
cup & handle breakout done. waiting for further move r1 4400 is the easy target because last year r1 and this year r1 are almost same this year pivot level in narrow range It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
DIVISLAB taking support of 3925.00 after breakout of Cup & Handle Chart Pattern, can go long Above 4075.00, Please Note : This is only for study purpose and not recommendation for actual trade, Do your own analysis.
Good for long . Sorry for uploading late . I had Already marked that lvl 5-6 days for gtt but couldn’t upload. My gtt got triggered exactly where it got reversed
From Mar'23 bottom of 2730 stock has rallied and made a high of 3934 in Aug'23. Post that stock has undergone into a correction which already concluded at Nov'23 bottom of 3295. From there stock has rallied again and broken it's previous swing high made in Aug'23. The recent price action suggests that stock has formed a Continuation H&S and given a breakout on...
it created a reverse headend shoulder and give breakout in last week and It breached the neck line of the headend shoulder pattern .if the value sustain above the neck line then it would be a good trade . Note: This is just for learning and analysis purpose, please do your own research before punching any orders.
1. Head and shoulder pattern breakout on weekly chart. 2. Stock has been in a good uptrend till 2022 but since then the down trend continued. This head and shoulder pattern indicates a possible trend reversal in this stock.
#StudyCharts Divis Lab formed inverted Head and Shoulder Pattern on Weekly time frame. Quite a good stock to study for marked upper areas..
Go Long above 3568.9 for Targets of 4070, and 4389.7 with SL 3295.3 Reasons to go Long: 1. On a Weekly timeframe the stock gave Trendline breakout. 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 3. Also a bullish candlestick pattern Bullish...
Pharma sector was performing from very long time. Now Devis has given inverted Head & Should breakout. #headandshoulder #Niftypharma #largecap