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Divislabtechnicalanalysis

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
BSE:DIVISLABLong
by Treda_pro
DIVISLAB Analysistrendline is broken and retested price is moving up.... now price exactly at its previous supply zone.... we have to look if its break or not.... we have a strong support in the range as demand zone... In daily time frame still not at reached the supply zone...but in weekly it reached... we have a trendline support as well in daily time frame...please be on the buyside... if suddenly price falls below the trendline also don't go for sell, small demand will again push it upside...
NSE:DIVISLAB
by IIT-Trader
1
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
NSE:DIVISLAB
by IIT-Trader
Divis Lab Trend AnalysisA debt free large cap company with strong fundamentals. Technically bearish as price broke the neckline of Head & Shoulder pattern. Bullish divergence with RSI indicating reversal can happen but RSI hasn't entered the bearish oversold range of sub 25 levels. As per Head & Shoulder pattern, the technical target is around 1850 level which lies at golden Fib zone to add confluence. Good to accumulate around 1800-2000 levels for the following targets: Medium term swing target @ 4300 (132% ROI) Long term swing target @ 6750 (264% ROI) Long term positional target @ 8400 (354% ROI) 3-4 years holding period. Previous rally gave more than 900% returns in 4 years & 5 months so my targets are realistic. If you wish to buy above the said levels then better to do SIP monthly rather than investing in one go. Do your own due diligence before taking any action. Peace!!
NSE:DIVISLABLong
by Swastik24
2
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.
NSE:DIVISLAB
by Tron029
1