DIVISLAB - Falling Wedge pattern Breakout --> Bullish

Entry @6248

✅ Overall View

Current Price: ₹6248.50

RSI (Relative Strength Index): 47.62 → This indicates a neutral zone (neither overbought nor oversold).

✅ Support and Resistance Levels

Supports:

S1: ₹6010

S2: ₹6020.35

S3: ₹6162
Price is above all supports, which is positive.

Resistances:

R1: ₹6248.90 (current price is very close)

R2: ₹6275.85

R3: ₹6282.50
The stock is near its immediate resistance, so watch for a breakout above ₹6249–₹6282.

✅ Fibonacci Levels

Key levels derived from previous swing:

23.6%: ₹3754.59

38.2%: ₹4388.45

50%: ₹4900.75

61.8%: ₹5413.05

78.6%: ₹6142.42 (Price is above this level → bullish sign)

✅ Moving Averages

Short-Term:

EMA5 = ₹6141.71, SMA5 = ₹6102.50 → Price is above both → short-term trend is positive.

EMA9 = ₹6136.91, SMA9 = ₹6096.78 → Also bullish short-term.

Medium-Term:

EMA20 = ₹6237.30, SMA20 = ₹6240.43 → Price is slightly above → neutral to bullish.

Long-Term:

EMA50 = ₹6383.40, SMA50 = ₹6532.76 → Price is below → long-term still weak.

EMA200 = ₹6038.53, SMA200 = ₹6107.82 → Price is above → long-term trend is positive.

✅ Interpretation

RSI near 47 → Neutral (not overbought or oversold).

Price near immediate resistance (6248.90) → If breaks above ₹6282 with volume, bullish momentum possible.

Above major Fibonacci (78.6%) and above 200-day EMA/SMA → Long-term bullish bias.

Medium-term and short-term averages show slight strength but need a breakout above ₹6282 for strong uptrend.