LALPATHLAB Bullish Flag
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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