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DIVISLAB's Open Interest Jumps 6%: Bullish Sentiment Builds
DIVI S LABORATORIES LTD
Long
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DIVISLAB's Open Interest Jumps 6%: Bullish Sentiment Builds
Di GoodluckCapital
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Following a strong upward trend, the stock encountered significant resistance near the 5,300 level, resulting in a steep drop.
Afterward, the price found support near the 2,700 mark and managed to bounce back.
During this consolidation phase, the stock price has developed a Rounding Bottom pattern.
With a clear breakout, the price is now set for an upside rally.
A notable increase in future open interest—around 6%—has been recorded for this stock.
This rise in both the stock price and future open interest indicates that significant investors hold a positive outlook on this stock.
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