DIVISLAB trade ideas
Divislab sustaining above 1630 + goodDivi's Laboratories (divislab) sustaining above 1630 + will give breakout.
Divis Laboratories Ltd Technical Analysis Indian Stocks MarketDivis Laboratories Ltd Technical Analysis Indian Stocks Market
Divis Laboratories Ltd Technical Analysis Indian Stocks Market 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 patented products business right from gram scale requirements for clinical trials to launch as well as late life cycle management.
170PA. Reversal candle at 1623 or at 1651 level signals for fallRun with SL
A strong two bar bullish reversal at bottom can vanish the assumed scenario
Divishlab 4h Seem like it is forming symmetric triangle.
Check volume before you take the trade
Long if price goes > 1742.50
Short if price goes < 1642 - Target 1550
Divis Lab. Short from 1650.Current wave count says we broke out of the triangle and right now we ended wave 3 of the final leg. I am waiting for a retracement till 1580 for wave 4 and then wave 5 till 1650 levels and go short from there. 1650 wont necessarily be the exact level but the point is to short from there after market gives reversal candle on daily time frame.
Divis Lab. Short 1650. Wait For Reversal Candle on Daily ChartDivis Lab. Short 1650. Wait For Reversal Candle on Daily Chart
Divis Lab. Short From 1650 level.Currently in the last leg of wave B, waiting for 1580 from current levels and from there 1650. Will go short after it gives reversal candle on daily chart.
DIVISLAB - BULLISH PATTERN
#DIVISLAB
CMP 1532
Long suggested ONLY above 1550;
Stop 1500 swing position / 1530 intraday position;
Open target ;
Logic :
Trend template + consolidation pattern(Vcp).
DIVISLAB SELL IF BREAKS 1468 for small target 1462/1459DIVISLAB SELL IF BREAKS 1468 for small target 1462/1459
Divi Long Setup - Simple Support line & Fib Support!After a period of good upward momentum, Divi has been consolidating in a range & established support confirmations. A long entry above today Dec 31st high could lead to good upsides..
DivisLab, 200 DMAAmong 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.
DivisLab, E-Waves, ConsolidationAscendance of US President Trump to throne numbed the Indian Pharma industry (and also IT sector). For last 4-5 years US FDA's (US is one of the most lucrative markets for Indian Pharma) onsite scrutiny and warnings are making it difficult for this manufacturing sector to work. Stocks of big companies nosedived (for example: Wockhardt, Lupin, Auropharma, SunPharma etc.). However in recent months things have been changing for the better and some Pharma majors are showing signs of recovery. Divis is one such stock. Price created a bottom and took support therefrom. Five waves up are done and now consolidation is going on and well-defined resistance level is being hit clearing of which will give a breakout taking the price to new height.
