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Aayush_Rungta
Aug 30, 2021 3:54 AM

Price Action - Bullish Long

DR LAL PATHLABS LTDNSE

Description

Lal Path gave an outstanding result this quarter, it has almost reached its support and the RSI and MACD too seem turning bullish. This seems like a good long set up.
Comments
jrlolo
what can be Target
Aayush_Rungta
@jrlolo, As can be clearly seen, the price reverses from the red resistance line, so my first target will be around 4250-4270 where I am planning to book 30% profits. Then if the conditions ae ideal for a breakout, I will follow with a tight stop loss. In case the share price falls from red line, I would have already booked 30% profits, and then after confirmation of reversal I will book the rest 70%
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