- Gap Filling Done
- Trendline tested 4 times i.e. weakening
- Two Dojis at the gap zone indicating indecision
- A good bullish sign here can mean a potential up move
- Given that the pharma sector hasn't performed in the last year, we may see some momentum in the coming period.
DISCLAIMER: We are not registered. We are not advisors. Everything here is merely...
currently in 1st wave of 3rd wave and is likely to achieve very high targets of 5600( previous high) and above . Stock turned negative on head and shoulder formation and achieved lower trg of 3350 and end of 2nd wave now 1st impulsive going on once correction sets in buy the stock and accumulate.
Divis lab long term view
Divi's Lab appears to be coiling up! The chart suggests a consolidation phase, where the price is trading within a range. This could be a sign of potential breakout. If the stock breaks above its previous all-time high (ATH), it could trigger a price discovery cycle, where the market searches for a new equilibrium value for the stock. This...
Divis Lab has broken down from Head & Shoulder pattern and has also retested the support trendline from which it broke down last week.
Entry, Stoploss & Targets are marked on chart.
Introduction:
DIVIS LAB, a prominent player in the pharmaceutical sector, has recently experienced a correction of 15% from its recent peak. This correction aligns with the formation of an ABC pattern within the Elliott Wave structure, indicating potential buying opportunities. Furthermore, the stock is currently trading within an extended demand zone following...
once crosses 3565 , 10 days moving average will show bounce from neckline and will be bullish once crosses 20 days moving average3634 will be bullish for stock. buy with a small stop loss and trail it . 200 DMA 3653 for more strenght and trend to become bullish .MACD hourly showing bottoming out .
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.
nice spot to hop on
assuming divis lab is healthcare so should keep going
you buy a 200 retest on the weekly for a chart like this always ..
flip side cut it as quick as u can if it goes below
best risk /reward imho
It seems good to buy because it's taken support from the Weekly trendline yet again.
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I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
DIVILAB LTD
looking for buy opportunity for 1-2months
strong base- 3560-3535
buying range-CMP
target - 1st3920---3940--3950+🚀🚀
stop loss-3530❌❌
ABOUT
Incorporated in 1990, Divis Laboratories Ltd manufactures and exports API's, Intermediates and Nutraceutical ingredients
Company manufactures Generic Active pharmaceuticals ingredients, Custom synthesis of APIs &...
Its seems like stock has given major breakout on daily time frame. Possible head and shoulder breakout (Education purpose only).
Target could be 4700, 4800 then will update later.
Stoploss 3800
DIVISLAB DAILY CHART
Breakout @ 3835 Target MOB @ 4270-4330 Support @ 3550
This stock has witnessed an ellipse breakout @ 3835 levels, with target MOB active @ 4270-4330.
This is only an observation & not any suggestion or recommendation.
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.
