{"id":4074,"date":"2013-12-10T11:06:02","date_gmt":"2013-12-10T05:36:02","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=4074"},"modified":"2019-06-06T19:32:49","modified_gmt":"2019-06-06T14:02:49","slug":"divis-lab-ready-for-the-next-up-move","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/divis-lab-ready-for-the-next-up-move\/4074","title":{"rendered":"Divi&#8217;s Lab: Ready For The Next Up Move"},"content":{"rendered":"<p style=\"text-align: justify;\">After a nice downward correction, Divi&#8217;s Lab has found buying interest today. Divi&#8217;s is one of the better known companies from the pharmaceutical sector and has been a steady performer at the stock markets. From the daily chart featured below, it is apparent that the stock has been in a\u00a0 an uptrend over the past few weeks after a major downward correction that lasted for about a year starting August 2012.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Divis-daily.png\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-4075\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Divis-daily.png\" alt=\"Divis daily\" width=\"1360\" height=\"669\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Divis-daily.png 1360w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Divis-daily-300x147.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Divis-daily-1024x503.png 1024w\" sizes=\"(max-width: 1360px) 100vw, 1360px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">The stock has reversed at the middle red line today which is a positive sign. We expect the stock to rally to the upper red line at Rs.1,210-1,220 from a short-term perspective. The short-term positive view would be under threat if the stock falls below Rs.1,099.<\/p>\n<p style=\"text-align: justify;\">For those willing to play the waiting game may get exit opportunities at higher levels.\u00a0 As\u00a0 highlighted in the weekly chart displayed below,\u00a0 the stock has respected the blue pitchfork line.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Divis-weekly.png\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-4076\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Divis-weekly.png\" alt=\"Divis weekly\" width=\"1362\" height=\"665\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Divis-weekly.png 1362w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Divis-weekly-300x146.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/Divis-weekly-1024x499.png 1024w\" sizes=\"(max-width: 1362px) 100vw, 1362px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">We expect the middle line of the pitchfork at Rs.1,260-1,280 would be a minor hurdle. We would however expect the stock to hit the upper blue line at Rs.1,500. The stop loss, for those looking for a target of Rs.1,500, may be placed at Rs.1,050.<\/p>\n<p style=\"text-align: justify;\">Please be reminded that the longer term target of Rs.1,500 is based on the weekly chart.\u00a0 It would therefore take a while for the stock to get there.<\/p>\n<p style=\"text-align: justify;\">(<em>The view mentioned here is based on Technical Analysis of historical stock price action. Please read the\u00a0<a href=\"https:\/\/www.fundsindia.com\/blog\/disclaimer\" target=\"_blank\" rel=\"noopener\"><strong>Disclaimer<\/strong><\/a><\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a nice downward correction, Divi&#8217;s Lab has found buying interest today. Divi&#8217;s is one of the better known companies from the pharmaceutical sector and has been a steady performer at the stock markets. From the daily chart featured below, it is apparent that the stock has been in a\u00a0 an uptrend over the past [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[136,89],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Divi&#039;s Lab: Ready For The Next Up Move<\/title>\n<meta name=\"description\" content=\"We are positive on Divi&#039;s Lab and expect patient investors to be rewarded handsomely.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/divis-lab-ready-for-the-next-up-move\/4074\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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