Wave Count
Divi’s Laboratories topped at ₹7,071.50, completing a 5-wave impulse.
From there, price declined in five clear waves into Wave (A) at ₹5,856.50.
The subsequent bounce unfolded as an abc zigzag, peaking at ₹6,314.50 — aligning perfectly with the 0.382 Fibonacci retracement of the 7,071.50–5,856.50 fall.
Wave (B) therefore looks complete, though the possibility of a triangle cannot be fully dismissed. The structure now favors a Wave (C) decline, unfolding in five waves toward lower zones.
Momentum
RSI stays weak, repeatedly failing to break above 50. This confirms lack of bullish strength and supports the bearish case.
Targets
Wave (C) is expected to stretch into the ₹5,563–₹5,100 zone, defined by the 0.618-1.00 extension and prior structural supports.
Trade Plan
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
Divi’s Laboratories topped at ₹7,071.50, completing a 5-wave impulse.
From there, price declined in five clear waves into Wave (A) at ₹5,856.50.
The subsequent bounce unfolded as an abc zigzag, peaking at ₹6,314.50 — aligning perfectly with the 0.382 Fibonacci retracement of the 7,071.50–5,856.50 fall.
Wave (B) therefore looks complete, though the possibility of a triangle cannot be fully dismissed. The structure now favors a Wave (C) decline, unfolding in five waves toward lower zones.
Momentum
RSI stays weak, repeatedly failing to break above 50. This confirms lack of bullish strength and supports the bearish case.
Targets
Wave (C) is expected to stretch into the ₹5,563–₹5,100 zone, defined by the 0.618-1.00 extension and prior structural supports.
Trade Plan
- Bias: Bearish until Wave (C) completes
- Target zone: ₹5,563–₹5,100
- Stop-loss / invalidation: Close above ₹6,350.50
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
註釋
Edit: Stop-loss / invalidation: Close above ₹6,530.50
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免責聲明
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