DIVIS Lab - A perfect buy.

DIVISLAB

Buy Price ~ 3633/-
Stop Loss ~ 3450/-
1st target ~ 3836/-
2nd target ~ 3950/-
1st RR ~ 1.1
2nd RR ~ 1.7

DIVISLAB is one of the biggest players in the Pharma industry. It is also a part of the NIFTY 50 index. AS Pharma sector will be one of the fastest growing sectors ahead, DIVISLAB can be one of the best picks. The stock has been making Higher Highs (HH) continuously in the recent times in daily time frame. Previous high, which is at 3633/- can be a good point to add the stock. It can further be added near its SL at 3450/-. We can also add it near its EMA ~ 3581/-. The first target can be 3836/-, and the next target can be at 3950/-.

RSI is also making Higher Highs showing positive signs. Also, the stock has been making good volumes while making breakouts.