Drlalpathlab
My Top 5 Holdings: Dr. Lal PathLabsDr. Lal PathLabs looks very strange on chart but looks like it will hold its support level.
[Investing/Long term] Buy DR.LALPATHLAB Buy DR.LALPATHLAB
for short term
buy above 2750
target 2950-3500(long term)
SL-2200
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 might se huge growth in diagnostic industry
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 30.45%
valuations seem to be very expansive(but still believing that this will generate good return on long term if we buy on every dip)
thyrocare and metropolic also looking good
Other uptrending stocks are
1.sail
2.tatasteel
3.tataconsumer
4. tatachem
5. upl
6. ultratech
Chart of the Week (13/03/2021)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.
Rectangle Pattern Breakout with High Volume*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.
All parameter shows a high probability buy set up with stop loss of 2300.00 closing basis.
Dr. LAL PATHLAB SETUPThe 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, moreover there is a double top formation which shows bearishness and if it breaks the double bottom support the it might go for the correction as shown.
So, all we need is to wait that at which side it stays, its a good entry side for both long and short!
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Note: These are my own independent views, take trade as per your own analysis.
