Divis Labs - Distribution PhaseNote: This is for educational purpose only.
Bearish cloud cover formed near resistance. Break below support will lead to further downtrend. RSI indicates loss in momentum too as RSI below 50.
DIVISLAB trade ideas
DIVISLAB GOOD FOR LONG TERM?DIVISLAB IS STARTING TO MAKE THE SAME RECTANGLE CONSOLIDATION PATTERN THAT IT HAS FOLLOWED THREE TIMES AND WHENEVER A BREAKOUT HAPPENS WE HAVE SEEN ALMOST 190,270,430 POINTS IN PAST.CONSIDERING IF WE HAVE A SAME PATTERN IN NEAR TERM AND IF A BREAKOUT HAPPENS ABOVE THE RANGE WHICH WE ARE PREAMPTING AS IT IS NOT CONFIRMED THAT WE HAVE A NEAR TERM RESISTANCE AT 2550 BUT IF IT HAPPENS WE CAN WITNESS A MOVE OF 670 POINTS ATLEAST IN FUTURE.
Divis Lab - Flag Formation Making Flag Formation
2300 is a good support on hourly TF
Break above 2400 should be upward breakout.
Break below 2250 could lead to fall below 1850.
Keeping on radar for now to see clear flag breakout signal.
Divis Lab [swing trade]Go long if it sustains the level of (2450-2460) for the targets of (2625-2640) / (2750-2725) / (2825-2850)
Only one side for DivislabsPrices Broke above the log term channel which has been drawn on weekly charts, and retested the trend line, looks strong and ready to move up.
Bearish Butterfly patternIf this is valid pattern then 61.8% target price is 2347. Lets see if this is achieved..!!!
Divis lab looks bullish after a long up move .Some profit booking after an upmove seen in divis labs...
DIVIS LAB SWING ANALYSISDIVIS LAB made a strong close yesterday and has reached its all time high.
The trend is bullish and the stock has no further upward resistance which could mean a good long entry for both swing as well as positional ,riding the trend and trailing your stop loss.
Trade will be valid only on bullish 75CB and further price action confirmations.
Here's the daily chart :
Indicators :
However, one to keep in mind would be Nifty50's movement. If the index goes up with strong momentum,a long trade in pharma sector has a probability of failing. BSE:DIVISLAB
DIVIS LABNAMASTE.
FOR SWING TRADING
BULLISH TREND, FORMING A DOUBLE BOTTOM TRIANGLE,CAN BE BROUGHT AFTER CROSSING NECK LINE
ALSO ABOVE 100DMA,200DMA,400DMA.
TRYING TO BREAK RECTANGULAR FLAG PATTERN.
POSITIVE HISTOGRAM DIVERGENCE SEEN
DIVIS LAB Long or short Sustained above or below of Pattern will lead to the target line(marked) with sl of sustained candle low or high
wait for sustain
**Educational purpose only
DIVISLAB ConsolidationIt is consolidating in the range of 2240-2470 for the 2 months. breakout at either side of this range gives a very good momentum.
Divis LabThe structure remains bullish as long as we are above 2220 levels. Immediate resistance is around 2420 level which if crossed we may see up ward momentum building up. Looking for 2700 levels on this.
