BUY
DIVISLAB ABOVE 1150 TGT 1180/1220 SL 1100
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Market
summary 13 APRIL 2018: Indian shares rose for a
seventh straight session on Friday, in what could be their longest winning
streak since November 2017, led by gains
in IT, TECk, banking and capital goods stocks. on the back of gains
in index heavyweights such as RIL and ICICI Bank. Investors now await
corporate results for future direction. Infosys will kick-start the January-March
corporate results season on Friday. Investors await March retail inflation data
due later today for cues about the economy. Among sectoral indices, IT index
gained 3.18 per cent and TECk 2.49 per cent. and healthcare 0.81%,
while capital goods was down 0.22% and FMCG fell 0.08%. MidCap and SmallCap
gained 0.66% and 0.60%, respectively. Adani Ports, TCS, Wipro and Kotak Bank
were top gainers, whereas Bharti Airtel, Hindustan Unilever, L&T and SBI
were among the major losers.
Intermediates, Peptide Building Blocks and Carotenoids. Primary trend of the DIVISLAB is bullish and after giving breakout of its range bound movement of 1000-1150, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1150 ; Overall trend of the stock is bullish and after experiencing correction from the higher level of 1376 on aug 2016. as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 64, one may expect the targets of 1180/1200/1250 in the stock if it manages to sustain above the immediate support level of 1100. 22 EMA can see as a strong support at 1100. it is likely to experience fresh buying with the crossing of 1155 .
DAILY
CHART FOR DIVISLAB
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