DIVISLABThe chart is self-explanatory and is shared for educational purposes.
DIVISLAB's stock has approached a strong support level and is expected to reverse from this support. Wait for confirmation before entering. If the support level breaks, strong confirmation is needed for entry. Trade with a stop loss.
DIVISLAB trade ideas
DIVISLAB Price action alaysisBased on the recent price action analysis of DIVISLAB (Divi's Laboratories Ltd.), the stock is showing mixed signals with a slight bearish bias in the short term:
1. The stock price has experienced a recent drop, closing at 5843.75, which is a 2.77% decrease from the previous price of 6010.5.
2. Short-term technical indicators suggest a mildly bearish outlook:
- The stock is trading below its 5-day and 12-day Simple Moving Averages (SMA).
- The Parabolic SAR indicates a mild bearish trend at 6230.
- The Aroon Indicator is at 7.14, suggesting a potential weakening of the current trend.
3. However, some bullish signals are present:
- The MACD shows a bullish crossover and is sustaining above the signal line.
- The stock is trading above its 20-day, 50-day, and 100-day SMAs, indicating a generally positive medium-term trend.
4. Volume analysis shows that the latest trading volume (294K) is lower than the 5-period average volume (396K), which might indicate decreasing selling pressure .
5. The stock is currently trading in the upper range of its Bollinger Bands, with the upper band at 6260 and the lower band at 5465.
6. Option chain analysis reveals a Put-Call Ratio (PCR) of 0.33 for the most recent date, suggesting more put options are being traded compared to call options, which can be interpreted as a bearish sentiment.
7. The stock has shown positive returns in the short term but negative returns over a longer period.
In conclusion, while DIVISLAB is experiencing some short-term bearish pressure, it maintains a relatively strong position above key moving averages. Traders and investors should closely monitor the stock for potential trend reversals and consider the mixed signals in their decision-making process.
Divi's Laboratories - Stable PerformerTopic Statement:
Divi's Laboratories has shown resilience amidst the broad market correction, with stable price movements and potential for accumulation near the 180-day moving average.
Key points:
1. Company reported a profit growth of 64% QoQ for the third quarter.
2. Price broke down from the up-trending channel, transitioning into a sideways pattern.
3. Strong resistance is present at the 6000 level.
4. The stock repeatedly approaches the 180-day moving average, presenting a good buying opportunity.
Signature of wave iv by RSIRSI level at wave iv should be less than that of wave ii . If it does not happen , then we can look for wave extension . Catch is wave iv should be higher than wave ii . But if RSI is lower than that of wave ii , this is a positive divergence signaling a higher top . Just observe . Enjoy the market
Alteration between wave(ii) and (iv) is a law of the markets Wave (iii) is exactly 2.618 of wave (i) taken from the end of wave (ii) . Wave (ii) is a flat correction . So wave iv cannot be a flat correction , as per the law of alternation , which basically means wave ii and wave iv cannot be similar. Dissimilarity can occur by price correction and by time correction . I think we will get a time correction here , if not price correction . Basically saying , avoid . If it explodes next week it will just be wave v . Always wave iv has to balance wave iv either by time of price. Regards
DIVISLAB Flag and Pole FormationTrade Setup
Entry Level: ₹6,336 🚀
Stop Loss (SL): ₹5,323 (Closing Basis)
SL Percentage: -16.01% 📉
Target Levels:
T1 (Positional Target): ₹7,404 (+16.88%) 🎯
Risk-to-Reward (R:R): 1:1⚖️
Technical Highlights
📌 Flag & Pole: The stock shows a strong flag and pole pattern, indicating bullish potential.
📌 Key DMAs: Trading comfortably above key moving averages (DMAs), adding strength to the setup.
📌 Pullback Bounce: Well-supported bounce after pullbacks.
📌 Volume: Needs improvement for stronger confirmation.
📌 RSI: Decent, supportive of the setup.
Key Strategy
⚡ Wait for Volume Confirmation: Entry should be accompanied by increasing volumes to ensure breakout sustainability.
⚡ Tight Monitoring: Since the R:R is moderate, ensure disciplined adherence to the SL.
⚡ Partial Booking at ₹7,000: Optional for risk reduction before T1.
Risks:
1️⃣ Volume Concern: Weak volume might fail to sustain breakout.
2️⃣ Broader Market Trends: Adverse market movements may impact performance despite strong technicals.
💬 Execute cautiously, and ensure disciplined trading!
⚠ Disclaimer: This is for educational purposes and not financial advice. Please consult your advisor before trading.
Bearish Crab on DIVISLABThe harmonic levels are derived based on fib levels. price action wise, resistance and support are marked.. price is back inside the range..
200 period EMA on hourly needs to be taken out decisively for further momentum/upmove.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
TradingBoth index futures and stock F&Os can be easily understood by tracking Open Interest. Simply put, when Open Interest increases, it means more money is moving into the futures contract, and when open interest drops, it means money is moving out of the contract.
The 90/10 strategy, popularized by Warren Buffett, allocates 90% of your portfolio to a low-cost S&P 500 index fund and 10% to short-term government bonds. This aims for long-term growth through stocks while offering stability with bonds.21 May 2024
Divi's Lab: Potential Upswing as VCP Pattern Nears Breakout withStock: Divi's Laboratories Ltd. (DIVISLAB)
Analysis:
Divi's Lab recently experienced a breakout with strong volume, signaling solid buying interest. Since then, the stock has seen some corrective movement, presenting a potential opportunity. The current pattern resembles a Volatility Contraction Pattern (VCP), where price consolidates in narrowing ranges, often a setup for a continuation in the direction of the previous breakout.
If this contraction phase concludes with another breakout on increased volume, it could indicate a fresh upswing and a strong bullish trend resumption.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Key Signal: Volume spike during breakout
Expected Move: Upside continuation if breakout confirms with volume
Trade Plan:
Entry: On breakout above current resistance, ideally with a high volume candle
Target: Initial target based on previous resistance levels or recent highs
Stop Loss: Below the consolidation range
Divi's Laboratories (DIVISLAB)The daily chart of Divi's Laboratories (DIVISLAB) on NSE shows a strong uptrend, with the stock forming higher highs and higher lows while trading above key moving averages (50-day SMA at ₹5809.59, 100-day SMA at ₹5358.82, and 21-day EMA at ₹5967.32), confirming bullish momentum in both the short and medium term. The price is nearing a significant resistance zone at ₹6250-₹6300, and a breakout above this level, accompanied by strong volume, could trigger further upside. The RSI at 66.98 suggests the stock is approaching overbought territory, warranting caution as a consolidation or minor retracement is possible. The MACD remains bullish, with the MACD line above the signal line and green histogram bars indicating positive momentum. Immediate support levels lie at ₹5967 and ₹5809, providing a cushion in case of a pullback. Overall, the stock is well-positioned, but traders should watch for a breakout or signs of reversal near resistance.
DIVISLAB - CHANNEL CONSOLIDATION -WILL IT BREAKOUT OR NOTDivi's Laboratories Ltd. is an interesting chart with following
1. RSI on all time frames (i.e. D/W/M) above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase
4. ABCD pattern under formation on weekly chart
5. Major price supports at 5930 i.e. 20 Day SMA and 5750 i.e. 50 EMA respectively
Breakout of 6300 + levels on closing basis can fetch 6700 + and 6980 levels as per Fibonacci projection tool
Lets see How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
it is still in corrective modeDivis Lab CMP 5977
Elliott- The iiird wave of C should start from here. The minimum tgt for it is 5535. They generally the strongest and sharpest moves.
RSI - the oscillator has reached the bear zone at this rally and is confirming the weakness.
Conclusion - its a good short in my view. Good news is it is a bullish corrective pattern.
#DIVISLAB Showing Remarkable Strength!💊 Stock Analysis: #DIVISLAB Showing Remarkable Strength! 💊
📈 Strong Bounce Back: Over the last few sessions, #DIVISLAB has shown great resilience, bouncing back strongly after taking support at the 50-day moving average. Despite the broader market experiencing a massive correction across sectors, this stock has demonstrated bullish strength, which is a positive sign for its momentum. 🔥
While the market's overall stance remains weak, #DIVISLAB's performance in such conditions suggests it could continue its bullish trend. However, it’s crucial to follow a strict stop loss to manage risk in this volatile environment. 🚨
Target: 6500-6700
Stop Loss: 5700
Trade Risk Free Exit (20-30%): 6220
R/R Ratio: 3
💡 Keep an eye on #DIVISLAB as a standout performer in a challenging market! 👀
📢 Disclaimer: This analysis is for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions. 💼
#StockMarket #PharmaStocks #TechnicalAnalysis #BullishStrength #SwingTrade #InvestSmart
DIVIS LAB 1HRSWING TRADE
- EARN WITH ME DAILY 10K-20K –
DIVISLAB Looking good for Downside..
When it break level 6003 and sustain.. it will go Downside...
SELL @ 6003
Target
1st 5925
2nd 5816
FNO
DIVISLAB OCT FUT – LOT 5 (Qty-1000)
DIVISLAB OCT 6200 PE – LOT 5 (Qty-1000) – PRICE (192.50)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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DIVISLAB's Open Interest Jumps 6%: Bullish Sentiment BuildsFollowing a strong upward trend, the stock encountered significant resistance near the 5,300 level, resulting in a steep drop.
Afterward, the price found support near the 2,700 mark and managed to bounce back.
During this consolidation phase, the stock price has developed a Rounding Bottom pattern.
With a clear breakout, the price is now set for an upside rally.
A notable increase in future open interest—around 6%—has been recorded for this stock.
This rise in both the stock price and future open interest indicates that significant investors hold a positive outlook on this stock.