Divi's Laboratories Ltd. is an interesting chart with following
1. Reverse Head & Shoulder Pattern on weekly chart 2. Narrowing Bollinger Bands on Weekly chart and Price walking on upper Bollinger Band
3. ABCD Pattern under formation on weekly chart 4. RSI on daily and Weekly time frame above 60 5. High Trade and Delivery quantity 6. Stock outperforming both on sectoral and benchmark index on 1week and 3 month time frame 7. Both ARS and SRS above zero
can be a good buy on dips and dips only with SL below 3700 levels and for immediate resistance near 4460 levels
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
İşlem kapandı: hedefe ulaştı
targets achieved stock made a high of 5010 and way above its targets
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