LALPATHLABS ROUNDING BOTTOM BREAKOUT AFTR-24 MTHS CONSOLIDATION
Dr. Lal Pathlabs Ltd. is an interesting chart to keep on radar
1. Breakout of rounding bottom pattern on weekly chart
2. Breakout of 24 months consolidation between 1770 to 2710 zone
3. RSI on all time frames above 60
4. Narrowing Bollinger Bands on monthly chart price moving on upper Bollinger band on monthly chart
Can be a good Risk reward to buy and buy on dips and dips only near breakout zone as per one's own risk reward
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Breakout of rounding bottom pattern on weekly chart
2. Breakout of 24 months consolidation between 1770 to 2710 zone
3. RSI on all time frames above 60
4. Narrowing Bollinger Bands on monthly chart price moving on upper Bollinger band on monthly chart
Can be a good Risk reward to buy and buy on dips and dips only near breakout zone as per one's own risk reward
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Disclaimer
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