Divis Lab Trend Analysis

A debt free large cap company with strong fundamentals.

Technically bearish as price broke the neckline of Head & Shoulder pattern.

Bullish divergence with RSI indicating reversal can happen but RSI hasn't entered the bearish oversold range of sub 25 levels.

As per Head & Shoulder pattern, the technical target is around 1850 level which lies at golden Fib zone to add confluence.

Good to accumulate around 1800-2000 levels for the following targets:

Medium term swing target @ 4300 (132% ROI)

Long term swing target @ 6750 (264% ROI)

Long term positional target @ 8400 (354% ROI) 3-4 years holding period.

Previous rally gave more than 900% returns in 4 years & 5 months so my targets are realistic.

If you wish to buy above the said levels then better to do SIP monthly rather than investing in one go.

Do your own due diligence before taking any action.

Peace!!