LALPATHLAB
Buy Lalpathlabs 1691-1696Technical Trade - Stock is consolidating above the 50DMA. down days are on relatively lower to average daily volume, which is always constructive. Price is contracting. I will look for a break above 1691 to buy. General market conditions apply. Nifty is correcting so I will only pick this up if it breaks with exceptional volume.
LALPATHLAB Bullish FlagLALPATHLAB has broken out upside after its consolidation in a triangular channel.
The impulsive bullish breakout candle is followed by 2 small range pulllback candles thus forming a bullish flag pattern.
The structure suggests that the trend will continue in the direction of the breakout.
A long entry can be taken at the break of yesteraday's high above 1691.05
TG1: 1719
TG2: 1746
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
METROPOLIS : In the best of health Metropolis post its results on 6th Feb did meet with some heavy profit booking that dragged the prices lower by 150 points. However, the momentum in this counter continues to remain upbeat. The dip provided a good opportunity to some strong hands to reenter and quickly place the stock back in contention. On the charts we note that the trends post a steady consolidation at higher levels is keen to take off. The charts reveal that the support offered by the KS line has proved to be quite good and the long body candle formation at the TS does augur well for the prices. With volumes building up we can expect the prices to begin a new journey towards the region of 1850 in the next few weeks. Looking at the Awesome oscillator we can observe that the trend is suggesting that there has been a pullback and it would be appropriate to enter at this moment.