Among the Pharma majors, DivisLab has been the foremost one to show the change in trend since price crossed 200 DMA and 50 Crossed 200 DMA (Golden Cross). After a jerky rise, price has started correcting due to Negative Divergence. Now the stock is taking support at 200 DMA (1035). But technical support lies at 1011 maximum where bulls are selling PUTs. So this range of 1035 to 1015 is to be watched closely If price comes down towards 1011, a Positive Divergence will be developed which may charge the bullish sentiment again.


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