Divis Lab updateDivis Lab Elliott Wave Count
this is an update to our previous post!
Based on the current market situation, it appears that Divis Laboratories is still experiencing the 3rd wave. As a result, we can anticipate a new low within the 3200 range, followed by a rebound. This view is consistent with our previous post, with only minor adjustments to the inside counts to reflect the current market trends.
Please exercise caution when trading as this information is for educational purposes only.
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Divis
Divis lab bullish reversal on hour daily and weekly timeframeDivis lab moving in a tight box for last two weeks and break upside on friday. On weekly tf, it took support from 200ema followed by doji and this week closing above doji, clearly indicating an upmove in coming weeks. On daily and hourly tf, BO from box after 2week consoy. Also parent index, niftypharma, close above 50 and 200ema, which support the move will continue upside.