Divi’s Laboratories Limited is an Indian producer of active pharmaceutical ingredients (APIs) and intermediates headquartered in Hyderabad, Telangana, India. The company manufactures and custom synthesizes generic APIs, intermediates and nutraceutical ingredients. The Company’s geographical segments include India (Sales to customers within India) and other countries (Sales to customers outside India).
|Company||Divi’s Laboratories Limited|
|Stop Loss (SL)||Rs.3400|
|Time Horizon||2-4 Weeks|
Intermediate Long term trend is up in this stock. The stock has been in an uptrend making higher tops and higher bottom formation on the daily chart. The stock has given a breakout from a Rectangle Pattern on the Daily chart which is bullish in nature. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 3560-3580) With a stop loss of Rs. 3400 on closing basis and respected target seems Rs 3800-3950. Time frame should be 2-4 weeks.
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