💊 DIVIS LAB – A Fresh Wave 3 Launch from Fibonacci Power Zone!

DIVIS is setting up for a potential Wave 3 rally after completing a perfect corrective Wave 2 at major Fibonacci retracement support. A classic combination of Elliott Wave structure, Fibonacci confluence, and strong fundamentals is aligning here. 📊 Technical Analysis ✅ Wave 1 high: ₹7,531 ✅ Wave 2 low: ₹3,600 zone ✅ Price has now surpassed the 0.786 Fibonacci retracement of Wave 1 – a high-probability signal of Wave 3 initiation ✅ Next Wave 3 target as per 1.618 extension = ₹10,545+ 🔍 Additional Confluences 🟣 200 EMA acted as solid long-term support during correction ✅ Breakout retest at ₹5,420 held strongly 📈 MACD bullish crossover supports upward momentum 📊 AVWAP from previous swing high also reclaimed 🧪 Fundamental Strength 💼 Leading CDMO (Contract Development & Manufacturing Organization) player globally 🔬 Strong presence in custom synthesis for pharma majors 📈 ROCE > 20% with consistent cash flow generation 🧾 Debt-free, with robust R&D focus and high promoter holding 🎯 Entry Plan Entry Range: ₹6,400–₹6,650 (current) Target: ₹10,500+ (1.618 extension) Stop-loss: ₹5,400 (below AVWAP & support)