DIVISLAB 1W TIMEFRAME PROJECTIONDIVISLAB 1W TIMEFRAME PROJECTION
Current Trend is Bullish but as per Elliott wave theory it might have ABC correction which can reject from 1.618 or its extended 1-2-3-4-5 wave Structure.
Divislabs
My view on DivislabDivislab
Trendline breakout possible
Above 3530
Looking target 3600-3640++
Very short term
Keeping on radar Divislab 3500 CE
DIVISLAB--Head & Shoulders pattern??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.
Divis Lab updateDivis 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 to reflect the current market trends.
Please exercise caution when trading as this information is for educational purposes only.
NSE:DIVISLAB BSE:DIVISLAB NSE:DIVISLAB1!
DIVISLAB - Elliott Wave CountDIVISLAB - Elliott Wave Count
It appears that Divislab is in wave C and to reach to or below 3400 in the coming days. Then we can see a good impulse wave towards 4000 and beyond. Please note that we have placed our stop loss at the level of 3250. This means that if the price drops below this point, we will exit the long position.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:DIVISLAB NSE:DIVISLAB1! BSE:DIVISLAB
DIVISLAB--Near to its Resistance zone??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.
DIVISLAB--Bullish view@ 3000 ??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. if you miss entry @ bottom levels.
previous while breaking the resistance price creates a demand zone in the range 2950-3000. Buyside--Targets are 3400 and 3500 3600 .
if price come back to this zone Resistance, we will look for sell until 3300 levels only.
Keep track tis level for buy side, if price breaks the demand zone we have strong support lies in the range 2800-2750. Look at these levels.
NSE:DIVISLAB
DIVISLAB FORMED DOUBLE BOTTOM ON DTFThe Price trading near strong and crucial support level of 2730. Price formed Double Bottom chart pattern near the support level. If price holds this level that we can look for short term upside.
If price breaks down the support level of 2350 than more fall can be see in next coming trading sessions.
Big decision point for Divis labI would like to watch which side it breaks out, from there I would like to take a call. I will try to stay neutral at this point.
DIVISLAB Buy Idea 08.01.2023As 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.
Divis Laboratories potential Breakout ?The idea here is about Divis Laboratories:
Divis Laboratories Ltd is engaged in the manufacture of Active Pharma Ingredients (APIs) and intermediates. The company in a matter of short time expanded their breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.They are actively involved in developing alternate, patent non-infringing processes for APIs, for the inventors to manage late life cycle and leading generic drug manufacturers.
My view is neutral at the moment for the below observed technical factors.
Points as per TA on a Weekly Chart:
1. Current market condition isn’t been good due to high volatility back in action any trade entries should be done very carefully and cautiously.
2. BSE 100 ( Divis lab included in) has lost 272.58 points on 11th Oct 2022. However, daily candle indicates it can still bounce back as Anti butterfly harmonic pattern observed as per below:
3. Currently under downtrend channel on a weekly chart as per below:
4. Contracting triangle formation inside downtrend channel as per below:
5. Bearish Bat harmonic pattern CD leg in progress at the time of publishing as per below:
6. Trading way above 200 EMA & below 20 EMA on a weekly chart.
7. Ichimoku Cloud analysis: Kumo Breakout strong downtrend & Kumo Twist weak trend on weekly,monthly chart is Strong for an upward momentum for Kumo breakout & kumo twist on daily both are strong downtrend at the time of publishing .
8. RSI is at 37.55 on a weekly Chart and 35.05 on daily chart at the time of publishing.
9. MACD above signal line on weekly & below on daily chart.
10. Hull Moving average and other moving averages on a daily,weekly chart is strong sell & monthly chart is a sell.
11. ADX (Average directional index ) trend strength is at 28.42 on a weekly(ADX between 25-50 is a strong trend) and 14.13 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend).
Long Entry : if the price breaks above contracting triangle & breaks downtrend.
Short Entry : If price breaks below the contracting triangle and support zone.
Projected Target: provided in the chart as per bearish bat Crab harmonic pattern.
Stop Loss: Enter only if it breaks downtrend & contracting triangle.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis.
Do leave your valuable feedback & comments for any improvisations.
Cheers.
Will the history repeat for Divis Labs? It's not uncommon for Divis to see 60% drawdowns. There have been multiple instances in the past and I don't believe this time it will be different. Cautious times!
Divis Labs Trade Setup Idea for 29 August, 2022The stock has been beaten down massively.
The stock look bulish if it crosses 3590. We can go long with the
Target: 3681
SL: 3558
Excellent opportunity in DivislabDIVISLAB have taken support and forming pole and flag . Going to break channel and start up move. Targets are mentioned, must comment if have any suggestion. NSE:DIVISLAB
DIVISLAB looks goodDivislab 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.
DIVISLAB : Possible downside further DIVISLAB:
On 24thSep- we can see Reversal on low volume
On 27thSep - 3.5% down with strong volume
Breaking monthly CPR,
Next target 4829 - once breaks and sustains - will test 4678.
Please add to watch list and trade carefully.
DIVISLABDIVISLAB for short term and long term blue chip stock or take swing trade on this when break to the target 4000
Short Term Cash Buy DIVISLAB @3820-3840 SL 3756 TGT 3965TK cross over at 3772.
MACD cross over 3770.
Moving averages and oscillators 14/14 indicates BUY signals.
Break R1 3759 next resistance 3959/4446.
30 min chart and daily chart is positive and hourly chart also improving.
Pharma is hot pick again due to second COVID-19 waves. Most of the pharma are on the BUY side CIPLA, Dr Reddy, STAR, and others.
Divis lab short term & Intraday Opportunity 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
