Divis Laboratories has target of Rs 855: Nooresh Mirani

Divis Laboratories has target of Rs 855, says Nooresh Mirani, AVP Technical of AMSEC Research.

Mirani told CNBC-TV18, "Divis Lab has been a favorite ever since it has given a break out around Rs 700 levels. The stock has made a long cup & handles pattern spanning for last three years. If we see the tops around 2008, it was around Rs 800-820. Similarly in June it made a top around Rs 800 level." He further added, "We saw a breakout a few weeks back and the stock moved up to Rs 840. Recently the stock has tested the levels of Rs 800 and bounced back. I would expect the stock to touch Rs 950-1000 levels in the medium term. My intraday target for the stock is Rs 855." Click HERE to know the rules and follow the score card