DIVISLAB trade ideas
D i v i s lab bullish breakout.Divis lab has given bullish break out on daily chart.
There is a Breakout of cup and handle pattern on daily chart,so we are expecting a move in upper direction.
Divis - W- rally halted at resistance. Downtrend can resumeDivis bounce has halted precisely at marked reistance
Last qtr post results saw a sharp dip. Sell with SL on Close above 3380
Divislab Chart Pattern Divislab looks very bullish based on chart pattern analysis and periodic wave analysis.
Chart Look good to LongDivis lab can be long from here with SL 2700 and target 5000
1. Chart makes the double bottom and taken support the long unfilled gap.
2. Volume is also good.
3. Fundamental also looks good.
4. Nifty Pharma is also performing well.
BULLISH CROSSOVER (P)NSE:DIVISLAB
Recently, the smaller SMA has crossed above the larger SMA.
The resistance is yet to be broken.
R:R = 1:2
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.
DIVISLAB - Weekly AnalysisIn the Weekly Chart of DIVISLAB ,
we can see that, it is showing recovery in W Pattern.
Lets see will it sustain or fail.
It is sustains we can see big targets .
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.
DIVIS lab near major supportDivislab is oversold and near major support... Price might accumulate further and breaks the downtrend line... Wait for the breakout or keep tight stop loss if you want to enter early
Divislab shortterm swing trade 1-3 daysDivislab showing short term strength. expecting retracement to the Daily downtrend line.
Divis Lab Head & ShoulderDivis Lab
Head & Shoulder Breakdown on Weekly Chart
CMP 3391
downside Target 2500
3 to 6 months
DIVIS LAB - AVOID H&S Pattern coupled with BAD Results and Margin Contraction....Better opportunities available avoid...
2450 2600 levels if possible can be good zone...
Intraday idea for 30/1/23Wait for d stock to close above Trend line on 15 min time frame n make entry when next candle breaks high of previous candle.
divislabDivislab made rounding bottom formation on 30 min TF & breaking above neckline with good volumes.
Could be bought with mentioned stoploss & target.
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.
#DIVISLAB #TORNTPHARM #ALKEM #AUROPHARMA #BIOCON #LUPIN #CIPLA #DIVISLAB
NSE: DIVISLAB
CMP: 3498
TP: 4200
SL: 3300
TF: <6m
RR > ~3.4 times
Return > 20%
THYROCARE CNXPHARMA LUPIN SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE APOLLOHOSP FORTIS AARTIDRUGS ZYDUSWELL MAXHEALTH BAJAJHCARE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
