Divis Lab - Fundamental + Technical Positive (Multiple Triggers)

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DIVI'S LABORATORIE (NSE:DIVISLAB)

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NSE:DIVISLAB DIVI'S LABORATORIE

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Divis Labs corrected corrected fairly after almost a continuous rally of about 40% in say 6 months. After making a peak at 5389, it corrected nearly 30%. Now, it seems to have consolidated well and is in good shape to resume its bull run going further.

Points working in favor:
1. Fundamentals are improving pretty good
2. Double Bottom with positive RSI Divergence
3. Price action is strong on weekly chart as well

Key Resistance points/Target points:
1. 4689
2. 4769
3. 4890
4. 5016 (Fresh strong rally possible after this stage on closing basis)

Key Support level/stop loss: 4300

Komen:

After hitting Stop Loss due to Market Fall, it is settling back.

Important Update: Q3 Results were outstanding and hence, company seems to be back on growth track.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.