Divis lab bullish reversal on hour daily and weekly timeframe

٢٦ نوفمبر ٢٠٢٢

Divis 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.