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Top trading ideas by Bharat Gala of Ventura Sec: Buy Nocil, Divi's Labs

Recently, the stock of Divi's Labs has given a weekly range breakout, making a new high of 4133, supported by volumes

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Stock calls | Markets | Market technicals

Bharat Gala  |  Mumbai 



Buy, Sell, markets, stocks, shares, investments, funds, investors

Divis Labs

CMP: Rs 4,048

Target: Rs 5,000-6,000

Buy area: (3,900-3,760)-3,645-(3.530-3,465)

Stop loss: Rs 3,350

On the weekly charts, Divis Lab started its up move from 980 in March 2018. Supported by up gaps and higher bottoms, it staged a continuous, steady rise and made a high of 3900 in March 2021. Since August 2020, the stock has been trading above the averages and the super trend is in the positive mode. From Aug 2020, the stock traded in the range of 3000 to 4000, taking support of up gaps. Recently, the stock has given a weekly range breakout, making a new high of 4133, supported by volumes. Further, the Vortex, KST and Demand Index Indicators are in the positive mode. The stock has the strength to achieve a target of 5000-6000 in the coming days. Intermediate Buy area are (3900-3760)-3645-(3530-3465) and a Stop Loss of 3350 on a closing basis should be observed in the trade.

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First Published: Mon, May 03 2021. 08:48 IST

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