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...
A Weekly Bullish Inverted Head and Shoulder pattern is visible in the charts of NSE:LALPATHLAB
Inverted Head and shoulder pattern is a bullish reversal pattern and it is visible in charts after a meaningful downfall in the $NSE:LALPATHLAB.
The stock has made a life high of Rs. 4245.50 and gave highest daily close of Rs. 4208.60, highest weekly close of Rs....
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.
#LALPATHLAB
Buy-Above 2200
Sl-2050
T- 2550 2750 2900
Stock has hit daily PRZ at yesterday 2165. Lower wick can be seen, indicating some kind of short covering. Above 2400 the reversal trade will be confirmed. Higher chances to touch 2900 above 2400. If today's low is not breached then we will trail sl after 1-2 day's of up-move.
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
NSE: LALPATHLAB 3651
-Triangle Like Formation
-May Be Forming Of H&S As well So Book Profit Timely
-Price Confirms But Volume Missing
-Next Levels To Watch 3652-3800
-Support Levels Are 3480-3380-3300
-Closing Basis
Price Action Buy above given levels. If target reached then can be hold for long term also as till date company's fundamentals are Strong in health Sector.
Volume At brkout should be High.
Target : 4210 >
: Study Purpose
LALPATHLAB
trading in a triangle pattern. Wait for breakout any side before entering. Chart from 15 min TimeFrame only.
This is for educational purposes only and my personal view. Please check from your end before entering in to trade.
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