The stock is testing the 365 day exponential moving average line. One can take a positional long trade once the 145 level is broken targets are as per the fibonacci retracement the final target is 175. Fundamentally strong stock.
NSE:DIVISLAB broke through the consolidation zone indicating that it is going to form a round top.
A round top has three important characteristics:
A sudden uptrend
A consolidation phase
If a stock satisfies these conditions and looks like this chart, it is called a round top pattern. This pattern mostly works in larger timeframes. Works much better...
Vedl can be bought now for a target of 260.
Stop loss around 242 which is the point from which it gapped up to break the ascending triangle which is a strong buy sign.
Best setup is to book half profits at 260 and wait for it to break the resistance zones which will allow it to reach 280 levels.