DIVISLAB trade ideas
This is not a BUY call but a GREAT learningLook at 10th August candle of DIVISLAB with a high wick on top with a high volume bar.
What it signifies..?? Any guess?
It shows buyers were in force and took a very high jump from 2784 to 3063 and they also were successful to take the price upto 3293. But then suddenly Sellers came in force and prices dropped to 3117. This simply signifies that big players with smart money were bearish on the stock and they booked their profit on high bought quantities, which resulted in price drop.
BEWARE friends the breakout was with a very weak candle on high volumes, which will result in gap to be filled in a very short span of time AND the stock will retest it support at 2500-2600 range.
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-MOHIT RAJANI
Downtrend started in DIVISLABAs marked in the chart probable downtrend setup is forming in the DIVISLAB
After breaking the important structure, price retested the levels again.
Hourly chart also shows the clear down trend starting.
Further increase in the delivery volume and volume in general also suggests the big move coming.
Next 2 sessions will confirm it further.
#Divislab cash : Good sell only below 2620#DIVISLAB CASH - (Short term pull back)
03.08.2020
GOOD SELL ONLY BELOW 2620
STOPLOSS 2642
TGT 2602/2552
CMP 2648.90
(Support 2590-95)
DIVIS LAB SWING TRADE LONG DEMANDZONEDIVIS LAB SWING TRADE LONG DEMAN DZONE. TO TAKE LONG FROM THE DEMAND ZONE MARKED
BREAKOUT TRADEAfter nifty being weak, pharma sector is back in momentum again. With this momentum stock has given a breakout with good volumes and RSI in bullish momentum. Stock is trading at all time highs and the momentum seems to continue for few more sessions ahead.
NOTE: Key level for stock is 2540. It should sustain above this level.
SIMILAR BREAKOUT: DR. REDDY'S LAB
Disclaimer: Take this views for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!
DIVIS LAB ADVANCE VIEW CMP 2298
BUY SIDE VIEW
STRONG SUPPORT AT 2240 BUY FOR TARGETS 2365/2394/2421/2444/2488
SELL SIDE VIEW
ITS TOTALLY ADVANCE VIEW
SELL AT 2490 TO 2500 KEEPING SL AS 2555
TARGETS 2441/2421/1394/2365/2314/2270/2249/2200
Divi's lab strong uptrendHigh Risk!!
It has broke the resistance and now may face an strong uptrend
Buy only on rising above @ 2434
With stop loss of 2412
Divislab - Bullish breakout from channelNote: This is for educational purpose only.
There seems to be a bullish channel breakout in Divislab. RSI above 60 indicates bullish momentum as well.
DIVISLABBO IS ALREADY DONE NOW WAITING FOR RETEST AT 1242-50 IF HOLDS AND SIGNAL COMES WE WILL BE SURELY BULLISH IN IT FOR TGT OF 2490
i have one request from all viewer kindly update me if u want me to add anything else in charts
Long Swing Trade Idea #33 : Buy DIVISLAB Buy DIVISLAB only above 2275 with Stop-loss at 2090 for first target of 2470. Idea is for 20th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid. . Expecting triangle breakout.
Divislab - Long (after sideways)Divislab can be bought above 2261 (crucial resistance). Currently it is in sideways and in down-channel (or consider a flag). Looks the day when it goes above from sideways will also cross the above trendline and crosses the resistance of 2261.
Sell DIVISLAB 1) The stock is in downtrend
2) There is an bearish engulfing pattern
3) Risk Reward is highly in favour
Support broken and tested! Prices falling!
Support broken, now is a new resistance which has also been tested! Prices keep falling
