DIVISLAB trade ideas
DIVISLAB LONG TERM FUDAMENTAL TREND REVERSAL PICKScrip has showing trend reversal with reverse head and shoulder pattern break out. It has potential to give approx. 40% gain from current price even if someone ride it till its all time high.
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DIVIS LAB: H&S ContinuationFrom Mar'23 bottom of 2730 stock has rallied and made a high of 3934 in Aug'23. Post that stock has undergone into a correction which already concluded at Nov'23 bottom of 3295. From there stock has rallied again and broken it's previous swing high made in Aug'23. The recent price action suggests that stock has formed a Continuation H&S and given a breakout on 26th dec'23 and trading well above it's neckline. The measured target for this pattern is coming in the region of 4370-4400 zone.
Positional or Longterm opportunity in Divis LabGo Long above 3568.9 for Targets of 4070, and 4389.7 with SL 3295.3
Reasons to go Long:
1. On a Weekly timeframe the stock gave Trendline breakout.
2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
3. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
Divis lab 4160 next Target buying recommended near 3630 On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Divis Lab: Swing LongAttempting breakout of a important resistance.
Formed a ascending triangle pattern + inverted head & shoulder pattern.
Its having a good momentum price above 20 ema with a trending RSI.
Price needs to sustain above 4000 level mark to confirm the breakout.
A selling pressure can be seen around 4500 levels.
Note: This is just for analysis purpose, please do your own research before punching any orders.
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Divis Lab- Divis got wings to flyCup and handle breakout done for the target of 5000. The beauty here is Inverted head and shoulder formed in the handle and it broke out first. Intermediate Resistances are mentioned in the chart in red colour and the final target in green.
Note: This is for educational purpose only.
DIVISLAB- RESISTANCE BODIVISLAB 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*