DIVILAB : A MUCH AWAITED REVERSAL RISK REWARD UPTO 1:13.75

23 Nis 2023

Divi's Laboratories Limited is an India-based company, which is engaged in manufacturing and sale of active pharmaceutical ingredients (APIs), intermediates and nutraceutical ingredients with predominance in exports. The stock is in downtrend since Oct 2021 and was moving in a channel. However , we saw channel break out on 13 April 2023 and we see that the level @ 3188.55 has supported the price thereafter and may proved to be next swing to the reversal trend. An opportunity to enter the trade as the risk reward ratio is high due to relatively small Stop Loss .
ENTRY @ CMP i.e. 3207 ,
STOP LOSS @ 3046.20
TARGETS : 3911.80 , 4410.20 , 5420
RISK REWARD RATIO : 1:4.3 TO 1:13.75

We rarely get such opportunity with such a great Risk Reward Ratio. Worth taking this risk and certainly a trade opportunity not to be missed .

Please remember that this study is only for education purpose , do your own analysis before trading. Good Luck !!!

24 Nis 2023

Not

DEMAND ZONE written as SUPPLY ZONE by Mistake... Please Update