Thursday, 24 May 2018

STOCK TO TRADE FOR 25 MAY 2018: DIVISLAB


BUY DIVISLAB ABOVE 1130 TGT 1145/1160 SL 1110
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Market summary 24 MAY 2018:   BSE MidCap and SmallCap declined 0.24% and 0.14%, respectively.Among the sectoral indices on BSE, IT was on the top of the list  gained 2.45%, teck was the second to gain 2.37%,telecom gained  2.23% was also in gainers list  and bankex 1.41%. While oil and gas fell 1.72%, auto 1.56% and utilities 1.03%.
 Top gainers of today-Bharti Airtel, TCS, Infosys and Axis Bank  
Major losers of today -Tata Motors, ONGC, Bajaj Auto and Maruti Suzuki 

           Divi's Laboratories Limited is engaged in manufacturing and sale of active pharmaceutical ingredients (APIs) and Intermediates. Its products include Generic APIs, Intermediates, Peptide Building Blocks and Carotenoids. Primary trend of the DIVISLAB is bearish and After showing correction from the higher level 1226, now DIVISLAB  is trading in short term recovery phase, it is likely to continue the upside
move in near term with the crossing the resistance level of 1134 at 55 EMA. as the stock is managing to sustain above the  55 EMA.  It is likely to continue the positive movement with the breakout of the resistance levels of 1157 at 22 EMA. 200 days moving averages seen as a strong support level at 1024 with the RSI of 43.  After breakout, One may get the targets of 1175,1195,1210 in the stock with the stop loss of 1084.
DAILY CHART FOR DIVISLAB


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