DIVISLAB has given a breakout of an important resistance around 3950 in Daily time frame in 4th attempt and started trading above all EMAs. Wait for price to retest and then one can enter for a target of 4400 and 4600.
*This idea is only educational purpose, please trade at your own risk*
Montlhy inverse head and shoulder neckline brekaout with day bullish. And also weekly bullish from previous week. If it sustains above 4036 in intraday, it will reach the target of 4473
DIVIS LAB:Has consolidated and is showing signs of breakout above itsneckline at 3900.It has formed IHS Pattern n weekly chart,if holds above 3900 on closing basis huge n/out towards 4000+ is likely(For educational purpose only)
✅ Broke resistance and 4000 level
✅Pharma Sector is looking good
✅ resistance breakout normal price action
✅ Consolidated very long
✅ Institutions Active in this stock from lower levels
✅Formed strong base before breakout
Since there has been multiple attempts to break this level, it is best to enter only and only if the price sustains above 3950.
Trade with strict SL = Redline for possible targets = Blueline
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“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
I know this will sound...
Get ready DIVIS labs is getting ready for another clean break.
VERY VERY Strong resistance at 3900 zones !!
strong resistance of 3 years !!
if goes above 4000 zones we can see fresh accumulation/Distribution at 5100 levels and a new lifetime high (25% returns expected) Avg buying zones near 3200 levels !
PAT/PBT has fallen almost 8% as compared to previous...
Divis laboratory is nearing a break out from an inverse head and shoulder pattern. Stock price closing above rupees 4000 can generate good momentum in the stock for decent returns in short to medium term.
Looking good on chart Divislab, positive breakout on weekly chart and likely to open on higher note for upcoming series, so trade 4000 CE Jan expiry 150 looks good.
Sixth attempt to cross hurdel 3962, positive divergence of MACD and RSI bullish on weekly chart, all moving avg are positive on weekly chart. Now trade setup for next month is below :-
1. 3800 CE Jan expiry @ 180.
2. 4000 CE Jan expiry @ 120 to 140.
We need to identify the price action of the security which is important for call option buyers. So one can wait to...
