#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
DIVISLAB trade ideas
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)
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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.
Multi-Year Breakout: Weekly Timeframe: Week ending 11-OctMulti-Year Breakout: Weekly Timeframe: Week ending 11-Oct
Price, Volume, RSI, Timeframe of breakout & Timeframe of analysis
Stock broke its all-time high (5425.1) it made in 18-Oct-21 and closed above in the week starting 09-Sep-24.
Volumes in the week of 09-Sep-24 were above the 9 SMA
RSI in the week of 09-Sep-24 (74.80) is above 60.
A multi-year (3) breakout on a weekly time frame
The stock has been consolidating at the breakout levels for the last 3 weeks and is finally turning green in the week of 07-Oct. On 08-Oct, when I am analyzing this script, it has closed above the highs made in the week of 09-Sep-24.
Numbers
Drawdown (marked on chart) = 2695.10/-
SuperTrend (30-Sep-24) = 4718.73 is positive
ATR (30-Sep-24) = 249.37
Low made in the last analysis time frame (30-Sep-24) = 5241.7
Entry / Exit
Entry = Close of 08-Oct ~ 5547
Target = Breakout level + Drawdown during consolidation phase = 5425.1 + 2695.10 ~ 8120
Stop Loss = 1 ATR below previous week's (30-Sep-24) low = 5241.7 - 249.37 ~ 4990
Risk:Reward = 4.62
Exit criteria = Reaches Target || Supertrend turns negative || Price goes below 18 EMA
Short Term Trading Opportunity in Divis Labs for > 10% UpsideHi,
NSE:DIVISLAB has given a Bullish Flag Breakout on daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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DIVISLAB 1DSWING TRADE
- EARN WITH ME DAILY 10K-20K –
DIVISLAB Looking good for Downside..
When it break level 5450 and sustain.. it will go Downside...
SELL @ 5450
Target
1st 5378
2nd 5317
FNO
DIVISLAB SEP FUT – LOT 5 (Qty-1000)
DIVISLAB SEP 1960 PE – LOT 1 (Qty-200) – PRICE (182.85)
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Divis Lab - Long Term Trade, Forming Cup shape patternDivis Lab: Buy above 4650 (Candle Close), SL 4100 (Candle Close), Target 5200-5400
Disclaimer: Study only for Educational Purpose.
Remember: My Money, My Risk, My Reward, My Responsibility.
Please Consult your SEBI registered Financial Advisor for any Financial Advice/ Decision.
DIVISLAB - Rounding Bottom BreakoutDIVISLAB has given a good breakout of rounding bottom pattern on weekly chart. The breakout candle on daily chart looks very bullish as it is supported by massive one day trading volume.
We can expect 30 to 50% return in 4 to 6 months.
In this case the target will be depth of rounding bottom pattern which means we can expect ₹8000 levels in few months.
🔊 DIVISLAB - Rounding Bottom Breakout
⌛Duration - Short Term (4 month to 6 month)
📊📈 Trade Logic - Rounding Bottom Breakout
CMP - ₹5426
Time Frame - Weekly
🎯Target 1 : ₹6300
🎯Target 2 : ₹7100
🎯Target 3 : ₹8025
🛑 Stop : ₹4375
🏆 Risk/Reward Ratio (1: 2.4)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
STRONG BREAKOUT
Divislab has given a strong breakout after forming a good base.
If the weekly candle closes strong we can plan for a good swing trade keeping a stoploss below weekly candle low.
Also the stock belongs to Healthcare sector which is performing well now.
Also in the last few weeks we can see the stock is continuously forming higher highs and higher lows.
Keep Learning,
Keep Trading.
⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation.
Please consult with your financial advisors before making any investment decisions.
If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀
DivisLab- Bullish Swing-Will this be a new All time high? NSE:DIVISLAB
28.08.2024
Buy-5090
Target-5374
Stop Loss-4815
Risk Reward- 1:1
1.Inside bar breakout
2.Trend- Very good uptrend
3.Price has bounced from support level & broke previous resistance
4.Volume- Very good volumes found in bullish side
5. EMA- Rejection from 50 EMA and price above 21 EMA
6. Pharma sector is in rocket mode