Lal Pathlabs [Daily]
The stock has given a clear breakout, no doubt on this front. But in doing so, it has reached overbought levels on the 1hr, 2hr, 4hr and daily timeframes. It still has a lot of momentum left on timeframes lower than 1 hour.
So here is what I see. The stock can possibly move by a decent margin before retracing back to the mentioned support level (this is an observation. It also could likely just keep climbing but I personally doubt it).
The week is decently strong for a swing setup but not as strong as I would have preferred. Only time will tell if it will ever break it's high of 4245~
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This is just my point of view of how the stock might behave in the coming days. How you trade this is totally up to you!
Happy Trading!
So here is what I see. The stock can possibly move by a decent margin before retracing back to the mentioned support level (this is an observation. It also could likely just keep climbing but I personally doubt it).
The week is decently strong for a swing setup but not as strong as I would have preferred. Only time will tell if it will ever break it's high of 4245~
================
This is just my point of view of how the stock might behave in the coming days. How you trade this is totally up to you!
Happy Trading!
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