Complete Analysis on DR. Lal Path - Heading upwards

Dr. Lal Path Lab made first wave as depicted by Maroon Channel and retraced back in the green channel to complete its second wave. Now heading for the third wave in Lemon Channel, found support at the black Horizontal line with is high of the previous swing. If it doesn't break this black line expect more but the more like scenario is that it will retrace back to the intersection of bottom red line Lemon Channel. But, to buy only when it doesn't break the support of black line or retraces back to this level after going down.

For Execution: Please use other indicators like William%R and SMA/EMA.

Disclaimer
The Author is not a SEBI Registered Analyst.
This content has been created only for educational purposes and there is no recommendation to "Buy or Sell". Please consult your Financial Advisor before making any decision.

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