Divi's labs has given breakout from Cup and Handle chart pattern and now trading near its 52 week high. It is looking tired at higher level and after consolidation for few trading sessions we think this bullish trend should take stock to newer high. However direction changes from bullish to bearish if stock trades below trend line shown in chart.
Traders can buy stock at CMP and every dips above the trendline for medium term target of 900.
Stop loss at 810 recommended.
CMP on friday was - 833
