Lalpath was consolidating near resistance zone and giving breakdown on the lower side. We expect to test lower trend line which gives almost 200 points of move.
Short trade can be taken in Lalpath and refer to green lines marked on the chart for targets, trade will be valid until top red line is intact on the upper side.
To motivate us, Please like the idea If...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Head & Shoulder
📌 Symbol/Asset: LALPATHLAB
🔍 Description: Stock has given a breakout of Head & Shoulder pattern and now retested the neck line. So its very likely stock will bounce from the neck line and we cann see momentum on the upside !!!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or...
LALPATHLAB has given a breakout on weekly trendline with high volume. It's good stock and almost trading in downtrend since 2021, and corrected from ATH -4245. Now trend reversal is expected and can achieve targets up to 3250 in coming weeks. Keep eye on it or add at mentioned levels.
Dr Lal Pathlabs Ltd - 23.12.2021
The stock is trading @ 3473 levels
There is a Support Zone @ 3400
There is a Hammer @ Support Zone
The prices are near EMA
One can initiate a buy position @ current levels with support @ 3388
Watch out for the price action
The stock has shown a reversal sign last day. Today if crosses the previous day high and sustains above, then the rally may take the prices above 4000. Try to enter around 3600 if retraces, with a stop loss of 3520 on a closing basis.
Just for learning and sharing purposes.
Not a bit of trading advice.
We cant fix our profit in a trade, but we can fix our loss...