DIVISLAB trade ideas
Divis laboratories Could be selled for a few daysNSE: DIVISLAB
Hello guys today after seeing the chart I got these things
1. If goes down then the target could be taken at 3449 This could be taken as a maximum downside target in my opinion at the early stages now
2. Time Frame:- 1 Day
Conclusion:-
A trendline has been broken at the current levels and thus it could work as resistance, I have seen some forecasts show that it could be down and could be followed by the market also I got that to follow us and like the posts and Comment Below If You want to ask me questions on this on any other idea
Have a Nice Day to you all
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BREAKOUT WAITINGDivis labs gives a little break on relative strength indicator but it seems have to wait for a confirmation too of breakout on falling resistance trendline will wait for a break and close above on that, till then I added it to in watchlist and setting an alert for a breakout confirmation, that is why I am tagging this idea into neutral tab.
Divis laboratory gave a decent breakout above 3635BSE:DIVISLAB gave a decent breakout above the level of 3635 which was resisted twice and came back to a bottom level, thus the bottom wasn't breakdown showing a good sign of bulls in the stock and the breakout was also a proper green candle closing above the resistance level, thus my view is to go long and the target is 3859 with a strict stop loss of 3450..
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thanks.
DIVISLAB around a good support area.Technical- Divislab has fallen till is its very imp level of support. It is Halting there. A positional trade can be initiated once reversal is confirmed. 10 to 15 percent can be stoploss downside.
Please look at below fundamentaLs. They are really good. BUT WAIT FOR REVERSAL CONFIRMATION.
Fundamentals-
1. Compounded Sales Growth
10 Years: 17%
5 Years: 17%
3 Years: 22%
TTM: 29%
2. Compounded Profit Growth
10 Years: 19%
5 Years: 23%
3 Years: 30%
TTM: 49%
3. Stock Price CAGR
10 Years: 22%
5 Years: 40%
3 Years: 31%
1 Year: -19%
4. Return on Equity
10 Years: 24%
5 Years: 22%
3 Years: 24%
Last Year: 28%