DIVISLAB trade ideas
Only one side for DivislabsPrices Broke above the log term channel which has been drawn on weekly charts, and retested the trend line, looks strong and ready to move up.
Bearish Butterfly patternIf this is valid pattern then 61.8% target price is 2347. Lets see if this is achieved..!!!
Divis lab looks bullish after a long up move .Some profit booking after an upmove seen in divis labs...
DIVIS LAB SWING ANALYSISDIVIS LAB made a strong close yesterday and has reached its all time high.
The trend is bullish and the stock has no further upward resistance which could mean a good long entry for both swing as well as positional ,riding the trend and trailing your stop loss.
Trade will be valid only on bullish 75CB and further price action confirmations.
Here's the daily chart :
Indicators :
However, one to keep in mind would be Nifty50's movement. If the index goes up with strong momentum,a long trade in pharma sector has a probability of failing. BSE:DIVISLAB
DIVIS LABNAMASTE.
FOR SWING TRADING
BULLISH TREND, FORMING A DOUBLE BOTTOM TRIANGLE,CAN BE BROUGHT AFTER CROSSING NECK LINE
ALSO ABOVE 100DMA,200DMA,400DMA.
TRYING TO BREAK RECTANGULAR FLAG PATTERN.
POSITIVE HISTOGRAM DIVERGENCE SEEN
DIVIS LAB Long or short Sustained above or below of Pattern will lead to the target line(marked) with sl of sustained candle low or high
wait for sustain
**Educational purpose only
DIVISLAB ConsolidationIt is consolidating in the range of 2240-2470 for the 2 months. breakout at either side of this range gives a very good momentum.
Divis LabThe structure remains bullish as long as we are above 2220 levels. Immediate resistance is around 2420 level which if crossed we may see up ward momentum building up. Looking for 2700 levels on this.
SHORT DIVISLABDivis Lab has no major support on the downside till 2215 levels. Can be a good trade, if pharma shows weakness!
Breakout in DIVISLABbreakup at 2454 will give rally upto 2500, it has been trying in the last few sessions to close above 2450. if it sustains then that momentum will take it new 52W High.
triangle in divislab NSE:DIVISLAB has triangle and getting support from same level , if it breaks with good volume then it will be a good short , with a pullback too
DIVISLAB - DOUBLE STRATEGYINTRADAY
SELL DIVISLAB BELOW 2320 WITH SL 2375
TARGET 2250
LONG POSITION
START BUYING DIVISLAB BELOW 2250 MARK WITH SL 2199
TARGET MORE THAN 1000 POINTS
rectangle in divislabBSE:DIVISLAB has rectangle pattern ,it will go down as it has exhausted the steam
