Head and shoulders pattern is identified in this stock.
price is now near to Neckline.
on bottom we have a strong support lies at 3400 levels,
if price breaks neckline we have a support lies at 3400.
keep in long side from support levels,
if neckline failed to push the price downside we have a continuation from this support levels.
NSE:DIVISLAB about to breakout 3760 level.
We can see long term move above 3760 with SL of 3420 and can average till 3587.
Major targets levels are highlighted in blue lines.
Divis lab on daily time frame has made a rounding bottom or cup n handle pattern. Also it has closed above trend line resistance of 3712. Once it manages to sustain above 3813 then it can try to touch 3974/4120/4331/4527. Once 4100 is crossed I will bring my trail sl either at cost or at 3974 to avoid any loss in this trade. Let's see if Divis listens to my...
Divis Lab Elliott Wave Count
this is an update to our previous post!
Based on the current market situation, it appears that Divis Laboratories is still experiencing the 3rd wave. As a result, we can anticipate a new low within the 3200 range, followed by a rebound. This view is consistent with our previous post, with only minor adjustments to the inside counts...
Showing strong bullish pressure...
this may be the end of bullishness or initiation of large quantity on buy side...
keep on buy side until the resistance zone...
if breaks will get more points.
trendline is broken and retested price is moving up....
now price exactly at its previous supply zone....
we have to look if its break or not....
we have a strong support in the range as demand zone...
In daily time frame still not at reached the supply zone...but in weekly it reached...
we have a trendline support as well in daily time frame...please be on the...
9bservations::
The stock is trending upwards.
currently this stock is trending bearish ,In lower timeframes.
price facing resistance again from previous Resistance@ 3400 and showing bearish pressure caused the price pushing downwards.
in the middle price leaves a supply zone 3280 level causing the price to push back, keep on buyside after breaking this levels....
Divis lab has given bullish break out on daily chart.
There is a Breakout of cup and handle pattern on daily chart,so we are expecting a move in upper direction.
As per my analysis, NSE:DIVISLAB is continue trading above support of 3355. My idea is to take entry at 3427 with stop loss of 3300 (-127 Points Risk). My expected up side target will be 3630 (+203 Points).
Note: This is my personal analysis, only for learning. Thanks.
Divislab saw a good move from 5022 levels to 5223 in the past few sessions.
Now, if it holds and sustains above 5100 levels, then its probably moving towards 5250 initially, and also towards 5327 in the coming trading sessions.
Good evening sir's
Recently told you that I had seen a breakout in Nifty Pharma. Divis lab is a good candidate for tomorrow and for the next week/
Consider Buying the Divis lab above 3570 with 3544. target should be 3600/3640
Divis Laboratories Ltd Technical Analysis Indian Stocks Market
Divis Laboratories is engaged in the manufacture of Active Pharmaceutical ingredients (APIs), Intermediates and Nutraceutical ingredients with predominance in exports. In addition to generic business, the company, through its Custom synthesis business, supports innovator pharma companies for their...
