DIVIS LABS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong support, further strength expecting once Divis closes above 1557. (Updated on 22nd August 2014, Friday).

DIVIS LABS

• As per previous report published on DIVIS labs stock had shown weakness once it break 1300 and after that touched it support @ 1250 as mentioned. (Click here to see previous report on DIVIS LABS).
• Now daily chart indicates stock is currently moving up from 38.2% fibonacci retracement and also from third fibonacci fan support line as mentioned in graph no1, this indicates as long as stock trades above its support it will be favored by bulls.
• As per graph no 2, stock is moving in a range bound zone , sharp move is expecting once Divis comes out from its zone, Close watch if stock closes above 1557 then will favor bulls for next few trading days.
• Intraday close watch once stock starts trading above 1557, if holds above in intraday then bulls action is expecting.
• Suggested Reading - RELIANCE CAPITAL moving up from strong support, if close below its support then further weakness expecting.
• As per graph no 3 if stock moves up from current levels then will find next strong resistance around 1640, as shown in graph no3.
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