Lal Pathlabs [Daily] The stock has given a clear breakout, no doubt on this front. But in doing so, it has reached overbought levels on the 1hr, 2hr, 4hr and daily timeframes. It still has a lot of momentum left on timeframes lower than 1 hour.
So here is what I see. The stock can possibly move by a decent margin before retracing back to the mentioned support level (this is an observation. It also could likely just keep climbing but I personally doubt it).
The week is decently strong for a swing setup but not as strong as I would have preferred. Only time will tell if it will ever break it's high of 4245~
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This is just my point of view of how the stock might behave in the coming days. How you trade this is totally up to you!
Happy Trading!
