LALPATHLAB has broken out upside after its consolidation in a triangular channel.
The impulsive bullish breakout candle is followed by 2 small range pulllback candles thus forming a bullish flag pattern.
The structure suggests that the trend will continue in the direction of the breakout.
A long entry can be taken at the break of yesteraday's high above 1691.05
TG1: 1719
TG2: 1746
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
The impulsive bullish breakout candle is followed by 2 small range pulllback candles thus forming a bullish flag pattern.
The structure suggests that the trend will continue in the direction of the breakout.
A long entry can be taken at the break of yesteraday's high above 1691.05
TG1: 1719
TG2: 1746
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Order cancelled
Long Entry not triggered.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.