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.
노트
Edit: Stop-loss / invalidation: Close above ₹6,530.50WaveXplorer | Elliott Wave insights
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.