Confluence of support in this medical lab stock
Dr Lalpathlab has corrected significantly post its all time high of around 4200.
As seen on the chart, the stock is standing on a crucial support trendline and also has recently bounced from its strong demand zone in weekly time frame.
RSI positive divergence can also been seen in the chart.
This stock can touch levels of around 2330, 2600 in medium term.
Kindly trade as per your own analysis since idea is shared only for educational purposes.
As seen on the chart, the stock is standing on a crucial support trendline and also has recently bounced from its strong demand zone in weekly time frame.
RSI positive divergence can also been seen in the chart.
This stock can touch levels of around 2330, 2600 in medium term.
Kindly trade as per your own analysis since idea is shared only for educational purposes.
Trade active
Took its time but moving well now.2228 high from 2015
Note
2435 from 2015.What a beautiful reversal
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