Cup and Handle in making Long

DR LAL PATHLABS LTDNSE

Description

⋅ Feb 6, 2024 2:27 PM

Dr. Lal PathLabs Limited is one of India’s leading consumer healthcare brand in diagnostic services. It is the largest diagnostics chain with a PAN India presence and a consistent track record of quality and growth.

1) Good fundamentals with consistent growth.
2) FII's and DII's have increased their holdings in last quater.
3) Took support from 50 EMA and trading above 20/50/100 EMA

The stock is expected to give a breakout of 2800 level this year.

Trend Analysis Chart Patterns

Comments

yashsranawat10

⋅ Mar 12, 2024 8:31 AM

I am holding the stock, should I sell it now that its falling or is there a retest line

Deepak_Dahiya

⋅ Mar 12, 2024 9:04 AM

@yashsranawat10 The next Support is round level i.e range 2000-1900. If it takes support it'll consolidate for a few months there.

Though everything looks good in fundamentals as of now (there latest quater results posted on 1 February were good too).

This is a unexpected heavy sell off and I can't find any explanation or negative news which can trigger this heavy selling.

But as they say, chart and price tells everything beforehand but the retailer wait for the news to enter and exit.

That's all from me,
and the decision of holding or selling is upto you. Good luck.