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TradeRyteStockz
Dec 3, 2023 12:47 PM

LALPATHLAB - SWING TRADE - 3rd December #stocks Long

DR LAL PATHLABS LTDNSE

Description

LALPATHLAB (1D TF)

Swing Trade Analysis given on 3rd December, 2023 (Sunday)

Pattern: RECTANGLE BOX BREAKOUT
- Volume Buildup Near Resistance - Done ✓
- Trendline Breakout - In Progress
- Retracement + Consolidation - In Progress

#stocks #swingtrade #chartanalysis #priceaction #traderyte #lalpathlab

Comment

LALPATHLAB Update - 2nd Jan, 2024

- The trade had not triggered since the breakout did not happen
- Right now, there is another volume build-up & volume spike creating a resistance breakout
- The SL will be small and RR will be bigger
- Always keep your Risk Management in play
Comments
yashsranawat10
I am holding from 2700, should I sell it now ?
TradeRyteStockz
@yashsranawat10,

Good Afternoon,

Why would you hold it up until now?? The SL was hit a long time ago.

When the post was updated on the 2nd of Jan you entry price should have been 2630. And I also mentioned that the SL will be small; which should have been 2605 or even 2575 (which was breakout candle low).

Right now, it has already broken a Weekly Support and if it continues it will go down to 1960.

Please please please always keep your Risk Management in Play.

There's no sense in holding a stock and praying it comes back. You are just locking up capital and waiting.

Market is always Supreme.

Always Trade what You See...Not What You Feel !!
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