PICK OF THE WEEK: DIVISLAB (NSE)

11th October 2019

On a daily chart, the stock has given a close above its Upper Band of Rectangle formation which indicates a robust upside movement in the counter.

Moreover, the stock has formed a Long Leg of Lower Shadow Candlestick which is a continuation formation and suggests that the ongoing trend might continue further.

On a weekly chart, the stock has been continuously trading above its 50 Weeks Moving Average right now which is placed at 1601.95 level which shows a positive rhythm in the counter.

On Balance Volume has been increasing gradually since last many days which shows a positive flow based on which the counter may accelerate its upside movement.

A daily momentum indicator RSI reading is at 60.45 level with a positive crossover which points out for a positive breath in the counter.

Based on the above technical structure, we are expecting a good upside movement in the counter in a few trading sessions.

Company Name

DIVISLAB

Our Recommentation is to

Buy

Buy

1689.95

Targeted Price

1930.00

Stop Loss

1570.00

Trending Reports

Sachin Gupta’s View: BANDHANBNK (NSE)

Technical

30th October 2020

Binu Joseph’s View: RBLBANK (NSE)

Technical

30th October 2020

Sumeet Bagadia’s Desk: IDFCFIRSTB (NSE)

Technical

30th October 2020

*Only for those online clients who are opening accounts without any referral code

Quick Links