Close
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

  • Buy Divi's Labs with return potential of 13%
  • April 02,2018
  • blog(By SMC Global Securities) The stock is forming a “Cup and Handle” pattern on the weekly charts, which is bullish in nature. Although, the stock has not given the pattern breakout its consolidation shows that decent upside can be expected from current level

    Divi''s Laboratories closed at Rs 1090.20 on March 28, 2018. It made a 52-week low at Rs 532.65 on May 29, 2017 and a 52-week high of Rs. 1142 on December 27, 2017. The 200-days Exponential Moving Average (EMA) of the stock on the daily chart is currently at Rs 959.24

    Divi''s Laboratories Limited: BUY | Target: Rs 1240 | Stop loss: Rs 1000 | Return 13%

    As we can see on charts that the stock is forming a “Cup and Handle” pattern on the weekly charts, which is bullish in nature. Although, the stock has not given the pattern breakout its consolidation shows that decent upside can be expected from current level.

    Moreover, it has taken around fifteen months to form the pattern, so the potential of rise is quite strong. Therefore, one can buy in the range of Rs 1070-1080 levels for the upside target of Rs 1210-1240 levels and a stop loss below Rs 1000.

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube
  • Instagram

Disclaimer:

SMC Global Securities Ltd | CIN : L74899DL1994PLC063609 | Registered Office: 11/6B, Shanti Chamber, Pusa Road, Delhi-110005. | Tel +91-11-30111000 | Compliance Officer: Mr. Ashok Kumar Aggarwal | Tel 011-30111000 Extn. 170 | Email:-aka@smcindiaonline.com| Customer Care Email –smc.care@smcindiaonline.com| Complaint Email –igc@smcindiaonline.com| website: www.smctradeonline.com

SEBI Reg. No. INZ000199438, Member: NSE (07714), BSE (470), MSEI (1002), MCX (8200) & NCDEX (00021). DP SEBI Regn. No. CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH100001849, Mutual Funds Distributor ARN No. 29345. •Insurance services are offered through SMC Insurance Brokers Pvt. Ltd. IRDAI Regn. No: DB 272/04 License No. 289 Valid upto 27/01/2026. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. PMS is not offered in commodity derivative segment. Insurance is the subject matter of solicitation. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The price, value of and income from any of the securities or financial instruments mentioned in this report can fall as well as rise.

By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Plus Minus 
Copyright ©2016-2024 SMC. All Rights Reserved | Disclaimer | Privacy Policy | Copyright| Testimonials| Sitemap| Grievance|Terms And Conditions| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)

Open my trading account now!  X 

* All fields are compulsory