Dr. Lal Pathlabs Ltd. - Descending Triangle Pattern
Dr. Lal Pathlabs Ltd.
The stock is forming a descending triangle & is consolidating in a narrow range.
RSI is Neutral to Mild-Bullish.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
The prices are likely to take support from the1490-1500 zone. If the prices will close below 1490 and show conviction, we are likely to see an extended weakness in the stock. The next support is 1441, 1385 & 1342.
Breakout on the upside will take place only above 1600 levels. If the prices break 1600 barrier with volume and conviction, the next noticeable resistance is 1680, 1762 & 1800.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
The stock is forming a descending triangle & is consolidating in a narrow range.
RSI is Neutral to Mild-Bullish.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
The prices are likely to take support from the1490-1500 zone. If the prices will close below 1490 and show conviction, we are likely to see an extended weakness in the stock. The next support is 1441, 1385 & 1342.
Breakout on the upside will take place only above 1600 levels. If the prices break 1600 barrier with volume and conviction, the next noticeable resistance is 1680, 1762 & 1800.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
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Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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