Technical Analysis Divis Laboratories.

The stock

current price of is trading at 6502.50. The daily chart shows that the stock is currently in a strong recovery phase displaying solid bullish momentum over the last few weeks. Immediate resistance the immediate supply zone to watch is between 6600 and 6650. The stock has faced selling pressure near these levels in the past. If the price manages to break and sustain above 6650 with good volume it opens the door for a move toward the previous major highs around 6800 to 6900. Strong support there is a highly reliable support zone between 5800 and 6000. The chart shows multiple instances where the stock took support in this area and bounced back indicating strong buying interest at lower levels. For the immediate short term a minor support sits near 6200. For short-term buyers waiting for a solid daily close above the 6600-6650 resistance zone is the safest approach before making any fresh entries. Existing holders can confidently hold their positions while keeping a strict trailing stop-loss near the 6200 support level to protect their capital. If the stock successfully breaks its immediate hurdle the strong momentum could quickly drive the price toward the 6800-6900 range. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.