DIVISLAB trade ideas
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.
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.