Among 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...
Buy divislab for Intraday Target 1222 with Stoploss below 1202
Ascendance 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,...
if the price retraces to 852 go long for the target of 1178
DIVISLAB has been in a long downtrend followed by a lengthy consolidation. It has just broken above the range and looks good for follow through. The logical first target is 710 and eventually, if the rally sustains, it should fill the gap at 760
DIVISLAB IS SHORT BELOW 623 WITH A STOP LOSS AT AROUND THE HIGH OF THE CANDLE WHICH BREAKS THE IMPORTANT SUPPORT LEVEL. TARGET CAN BE AROUND 620-618. ALL THREE CONDITIONS WHICH I SEE ARE IN PLAY. VOLUME IS HIGH RSI BELOW 30 PRICE IS NEAR SUPPORT LEVELS AND IN DOWN TREND.
Divis Laboratories' stock has been technically damaged by sudden burst of bubble. Only hunky-dory sector in Indian stock market which can stand on its foot is pharma after much publicized IT sector. Pharmaceutical companies stocks are like runaway trains, exhibiting near vertical rise on the charts. There is no way that this can continue forever. We did...
Divislab is showing weakness and can be sold at cmp 1298, stop 1320.
The pinbar candlesticks indicates rejection of prices on high levels and also indicates selling pressure at resistance levels. In the above chart, 1380 -1350 acting as resistance zone where we can see rejection of prices due to high selling pressure. The prices may go down to the previous 52 Week high levels to regain buyers in the momentum and also confirmed it...
Above 1210 if stay 10min with high open interest blast upto 1240/1260/ lets see what happens
divis lab on a triangle pattern abv 1170 low volume stock
It is trading in a range bound within a triangle, overall long term trend looks bearish and now it is an good opportunity to short and be with the trend.
Looking for a breakout downward as a correction of on-going massive impulse leg. Get your zoom lens cleared, shot opportunity can come in the way.