1. In 15m time frame the DMA's need to correct. A bearish engulfing has appeared a while back.
2. In 60m Time frame 10 and 20 DMA have just taken the right positions and the prices are above pivot point
3. In daily time frame the DMA's might take a day or two to correct. SMA's also need to correct.
4. Monthly DMA's are in order
5. The prices are currently at...
I have shared buy call analysis for CADILHC before but entry has not triggered yet. So, this is the latest buy call for CADILAHC.
Buy CADILAHC From 620-625 with sl of 610 for the target of 660 700++
Daily Chart
#LALPATHLABS
NSE: LALPATHLABS
Short Term Quick Profit
CMP 2968.
Target: 3400
SL : 2836
Timeframe < 45 Days
Cand hold for longer time
RALLY COMING SOON ON THIS ONE
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising...
Notes:
Head and shoulder pattern can be confirmed to breakdown below 613.5 levels. Although it would still be a risky trade since there exists multiple support zones and could be a pretty slow catch if it does break.
A tight SL is recommended.
Target could be 1% or 607 and if lucky, can try aiming for 600 too.
Please note - Not a SEBI Registered...
READY FOR NEXT SPRINT, SUBMITTED DATA OF TRIALS TO GOVERNMENT AND CROSSING RECENT HIGHEST CLOSING WITH VOLUMES. NEWS OF VACCINE APPROVAL IN NEXT WEEK MAY BE. TARGET IS UNCHARTED.
KEEP SUPPORT AT 630, FOR POSITIONAL VIEW.
Daily charts, crucial zone marked in purple. CMP on the edge of a good 6 months old trendline. Breakout from this line followed by a breakout from the purple zone can be a signa of a good move ahead. Can see retracement and then a great upmove.
CHART IS SELF-EXPLANATORY, OPEN CHART FOR DETAILED VIEW
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK...
The price forms a double bottom and took support from 20 day SMA before bouncing back from that level.
It also broke the trendline which is good positive signal for a up move.
