The short -term perspective is optimistic for Divi laboratories. The price action since December indicates a formation of Pattert Flag. This is a bullish continuation pattern. The 5 percent increase on Thursday confirms the rupture of this pattern. The support is now in the ₹ 5,900-5,800 region that can limit the disadvantage. It is likely that intermediate dives see new buyers to the market around this support zone.
The price of divi laboratory shares can increase to ₹ 7,300 in a month or two. Merchants can buy Divi laboratories now at ₹ 6,215. Accumulate the immersions at ₹ 6,110. Keep the stop-loss in ₹ 5,760. Sine the stop-loss to ₹ 6,350 as soon as the action rises to ₹ 6,550. Move the stop-loss up to ₹ 6,650 and ₹ 6,850 when the price of the action touches ₹ 6,800 and ₹ 7000 respectively. Leave the long positions to ₹ 7,100.
Video Credit: Businessline
Note: Recommendations are based on technical analysis. There is a risk of loss in trade
Posted on April 25, 2025