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DIVIS LABORATORIES LTD.DIVIS LABORATORIES LTD.DIVIS LABORATORIES LTD.

DIVIS LABORATORIES LTD.

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DIVISLAB trade ideas

Divis Lab (Will the Pharma Rally continue in this stock ?)Divis is regarded as one of the best companies in the Pharma space. And it has proved its worth by rallying in line with the industry. Current after a break through results the stock has been consolidating in a ranger a while and has ended up forming a triangle on an Hourly time frame. The support and resistance in the triangle is also supported by 200EMA (Red Line) and 9EMA (Green Line). Any breach on either side should give a good play and stop losses can be place above/below the green and red line for trades on Downside/Upper side respectively. However since the return of volatility trades have not been maintaining their trajectory as happened last week with Bajaj Auto and Bata India. (You can check my posted ideas). Both the stocks broke through and gave the expected move, hit my target only to reverse on the same day and close inside the triangle. These move are going to happen more often than not for a while. As the US elections approach people are going to react to things more emotionally than with thinking/knowledge. So make sure you aren't caught on the wrong side of the trade. And always have a stop loss.
NSE:DIVISLAB
by vinayak.mohta5
Divislab - Short on break of 3000 | Don't short earlyThanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks Looking at Divislab on the Daily time frame, we can see that it is testing out the 3000 area of support. If 3000 breaks then, it can give a nice momentum to 2800. At 2800, it would be interesting to see which path it chooses next (whether Up or Down). On the monthly, Divislab looks overextended and ripe for going short. We can even spot weakness as we can see wicks at the top. Shorting Divislab below 3000 could be a good move. Wait for 3000 to break and take a position accordingly as per your risk management. Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision. “You create your own game in your mind based on your beliefs, intents, perception and rules.” ― Mark Douglas
BSE:DIVISLABShort
by iSauravKr