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
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.
Nocil
CMP:Rs 184
Target: Rs 250-300
Buy area: (181-174)-167-(159-155)
Stop loss: Rs 138
Nocil
CMP:Rs 184
Target: Rs 250-300
Buy area: (181-174)-167-(159-155)
Stop loss: Rs 138
On the weekly charts, NOCIL started its up move from 45 in March 2020. A continuous, steady rise followed, supported by higher bottoms and the stock made a high of 199 in March 2021. Since July 2020, it has been trading above the averages and the super trend is in the positive mode. Recently, the stock traded in the range of 157 and 185 for a month. A weekly green candle with the range of 173-184 has formed, supported by volumes and the Vortex and KST Indicators are in the positive mode. The stock has the strength to achieve a target of 250-300 in the coming days. The intermediate buy area is (181 174)-167-(159-155) and a Stop Loss of 138 on a closing basis should be observed in this trade.
Gufic Bio
CMP: Rs 136
Target Rs 260
Buy area: (133-126)-121-(116-113)
Stop loss: Rs 138
On the weekly charts, NOCIL started its up move from 45 in March 2020. A continuous, steady rise followed, supported by higher bottoms and the stock made a high of 199 in March 2021. Since July 2020, it has been trading above the averages and the super trend is in the positive mode. Recently, the stock traded in the range of 157 and 185 for a month. A weekly green candle with the range of 173-184 has formed, supported by volumes and the Vortex and KST Indicators are in the positive mode. The stock has the strength to achieve a target of 250-300 in the coming days. The intermediate buy area is (181-174)-167-(159-155) and a Stop Loss of 138 on a closing basis should be observed in this trade.
Gufic Bio
CMP: Rs 136
Target Rs 260
Buy area: (133-126)-121-(116-113)
Stop loss: Rs 138
On the weekly charts, NOCIL started its up move from 45 in March 2020. A continuous, steady rise followed, supported by higher bottoms and the stock made a high of 199 in March 2021. Since July 2020, it has been trading above the averages and the super trend is in the positive mode. Recently, the stock traded in the range of 157 and 185 for a month. A weekly green candle with the range of 173-184 has formed, supported by volumes and the Vortex and KST Indicators are in the positive mode. The stock has the strength to achieve a target of 250-300 in the coming days. The intermediate buy area is (181-174)-167-(159-155) and a Stop Loss of 138 on a closing basis should be observed in this trade.

)