datepuru

Divi's Lab has formed Rising Wedge pattern

NSE:DIVISLAB   DIVI'S LABORATORIE
Divi Lab has progressively formed a Rising Wedge pattern on daily candlestick. Apex of rising wedge is at 1771. Rising wedge is a reversal pattern from bullish to bearish. Height at the base of rising wedge is 170pts. According to Bulkowski, rising wedge has culminated into bearish movement in 69% of cases and on average the fall has been 58% to 64%. Thus, minimum 100 points fall can be estimated

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.