Divi's Laboratories Ltd - ABCD | Bearish Harmonic Reversal Setup
## **Divi's Laboratories Ltd – Daily Time Frame | Bearish Harmonic Reversal Setup**
📊 **Stock:** Divi's Laboratories Ltd (NSE)
Divi's Laboratories is trading near a **Bearish Harmonic PRZ Type 3** around **₹8,500–₹8,660**, after a strong and extended uptrend. The stock has reached the **D point** of the harmonic structure and is currently consolidating near the resistance zone, making this an important area to watch for a possible reversal or profit-booking move.
### **Technical Outlook**
* 🔻 **PRZ Type 3** identified near the D point.
* 🔻 Major resistance zone: **₹8,517–₹8,662**.
* 🔻 Price has rallied strongly from the ₹5,600 region.
* ⚠️ The stock is showing consolidation near the PRZ, so bearish confirmation is required before considering a reversal trade.
* 📉 A rejection from the PRZ could trigger a corrective move towards the lower support zones.
### **Potential Trading Plan**
* **Entry:** ₹8,500–₹8,530
* **Stop Loss:** Above ₹8,662
* **Target 1:** ₹8,090
* **Target 2:** ₹7,560
* **Target 3:** ₹7,300–₹7,500
### **Key Levels**
**Bearish PRZ / Resistance:** ₹8,517–₹8,662
**Immediate Support:** ₹8,090
**Major Support:** ₹7,560
**Demand Zone:** ₹7,300–₹7,500
### **Risk Management**
Do not initiate a short position merely because price has reached the PRZ. Wait for a **clear bearish rejection/confirmation** near ₹8,517–₹8,662. A decisive breakout and sustained close above **₹8,662** would invalidate the bearish reversal setup.
> **Conclusion:**
> Divi's Laboratories is currently trading at a **major bearish harmonic reversal zone** after a powerful upward move. The **₹8,517–₹8,662** region is the key decision area. If the stock gets rejected from this zone and bearish momentum develops, a correction towards **₹8,090**, followed by **₹7,560** and potentially the **₹7,300–₹7,500** demand zone, could be expected. Confirmation is essential before taking a reversal trade.
**Disclaimer:** This analysis is for educational purposes only and should not be considered investment advice. Always use proper position sizing, confirmation and strict risk management before taking a trade.
📊 **Stock:** Divi's Laboratories Ltd (NSE)
Divi's Laboratories is trading near a **Bearish Harmonic PRZ Type 3** around **₹8,500–₹8,660**, after a strong and extended uptrend. The stock has reached the **D point** of the harmonic structure and is currently consolidating near the resistance zone, making this an important area to watch for a possible reversal or profit-booking move.
### **Technical Outlook**
* 🔻 **PRZ Type 3** identified near the D point.
* 🔻 Major resistance zone: **₹8,517–₹8,662**.
* 🔻 Price has rallied strongly from the ₹5,600 region.
* ⚠️ The stock is showing consolidation near the PRZ, so bearish confirmation is required before considering a reversal trade.
* 📉 A rejection from the PRZ could trigger a corrective move towards the lower support zones.
### **Potential Trading Plan**
* **Entry:** ₹8,500–₹8,530
* **Stop Loss:** Above ₹8,662
* **Target 1:** ₹8,090
* **Target 2:** ₹7,560
* **Target 3:** ₹7,300–₹7,500
### **Key Levels**
**Bearish PRZ / Resistance:** ₹8,517–₹8,662
**Immediate Support:** ₹8,090
**Major Support:** ₹7,560
**Demand Zone:** ₹7,300–₹7,500
### **Risk Management**
Do not initiate a short position merely because price has reached the PRZ. Wait for a **clear bearish rejection/confirmation** near ₹8,517–₹8,662. A decisive breakout and sustained close above **₹8,662** would invalidate the bearish reversal setup.
> **Conclusion:**
> Divi's Laboratories is currently trading at a **major bearish harmonic reversal zone** after a powerful upward move. The **₹8,517–₹8,662** region is the key decision area. If the stock gets rejected from this zone and bearish momentum develops, a correction towards **₹8,090**, followed by **₹7,560** and potentially the **₹7,300–₹7,500** demand zone, could be expected. Confirmation is essential before taking a reversal trade.
**Disclaimer:** This analysis is for educational purposes only and should not be considered investment advice. Always use proper position sizing, confirmation and strict risk management before taking a trade.
Note
📊 **DIVIS LAB — PRZ UPDATE** ⚡🎯 **Divis Lab has reached PRZ Type 3!**
📈 At this zone, a **reversal is possible** based on the current structure.
👀 Everyone, watch this structure carefully for confirmation.
⚠️ **Risk: Only ~2%**
📌 Wait for proper price-action confirmation before entering.
🚨 Strictly maintain **SL & Target** and manage risk.
Trade closed: stop reached
SL Triggered
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.