for short term
buy above 2750
target 2950-3500(long term)
very good volumes seen in uptrend and volume decreasing in consolidation
also observed two very good candle with huge volume
But i will recommend to buy one every dip near 21SMA And 50 SMA(because 50SMA kind of acting as a dynamic support)
suggested to buy this because i think we...
Dr. LalPath Labs is our chart of the week. The chart is pretty self explanatory and the trendline is clearly visible in this line chart. According to me this is an investment grade stock and can be even part of your portfolios. This rate looks like a good place to add position.
*The 2395.00 area is a potential RESISTANCE breakout now and act as a support for now and at the same time this kind of pattern breakout (RECTANGLE) in price is sustainable and high probability. Risk is too low now.
*This stock breakout the resistance level with high volume.
*Price trading above all the moving averages.
*Present trend and sector in bullish trend.
The stock has taken support on its Long term trendline, and Now 2 things can happen:
1) The Pharma Sector is strong and there is lot of positivity around this stock so there is a very good chance that it will respect this support and will show good bullish movement from the coming sessions.
2) The stock is over priced because of recent Heavy upside movement,...