DIVISLAB trade ideas
HnS PatternSince there has been multiple attempts to break this level, it is best to enter only and only if the price sustains above 3950.
Trade with strict SL = Redline for possible targets = Blueline
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“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.”
--Victor Sperandeo
DIVIS LAB ready for launch ????Get ready DIVIS labs is getting ready for another clean break.
VERY VERY Strong resistance at 3900 zones !!
strong resistance of 3 years !!
if goes above 4000 zones we can see fresh accumulation/Distribution at 5100 levels and a new lifetime high (25% returns expected) Avg buying zones near 3200 levels !
PAT/PBT has fallen almost 8% as compared to previous quarters so financials are shaky for now !
Insurance companies are increasing stake in the company in last couple of weeks !!
net profit down to 348 cr ! down 29%
52 Week high !
Public holding keeps going down now 11.7% in sep Q when compared to june Q of 12.1% !
DII up from 12.3% to 12.8% QoQ
positive signs !!!
Divis Lab strong on chart Sixth attempt to cross hurdel 3962, positive divergence of MACD and RSI bullish on weekly chart, all moving avg are positive on weekly chart. Now trade setup for next month is below :-
1. 3800 CE Jan expiry @ 180.
2. 4000 CE Jan expiry @ 120 to 140.
We need to identify the price action of the security which is important for call option buyers. So one can wait to enter at 3950 or can also initiate at this level for next three weeks.
DIVISLAB looks good for long term investmentDIVISLAB looks good for long-term investment. Technically speaking, it has broken the major downtrend(solid white line) and it has also failed to make a new lower low by breaking minor downtrend(dotted white line). This resilient performance signals a bullish trend, suggesting favorable conditions for potential long-term gains.
DIVISLABDIVISLAB :
Fundamentally strong one and recovered from recent lows of 2800 range.
Currently forming Inverted Head and Shoulders format. Just hanging around the trend line and once cross this, we should be able to see the completion of the Inverse H&S pattern and Zoom
to 5000+ levels.
Stock is trading above most of the moving averages on Daily, Weekly and Monthly time frames.
Considering the current market's high levels, add to the watchlist.