From a very narrow range price gave a breakout on the upside on above avg volume
Did not sustain above resistance from previous swing low
Price fell after fake breakout and now below both short term and long term moving avg also below previous narrow range
can target 1R towards 2150 as market breadth is still not negative
DrLalpath lab monthly inverted head and shoulder formed and support is taken from the previous month's pin bar closing off 2255. And day also sustaining from that. Short term target is 3008 and the long-term target is 3841.
Stock has given a long-term TL BO on weekly TF with Volumes
Making Double bottom pattern & Inverted H&S Pattern in short term (2-3 Months)
and round bottom in long term (12-15 Months)
For long term investor:
The SL should be 2150 with Target of 4000 (Round Bottom Target)
however, for short term investor it may move up-to 2800 keeping SL below weekly Green...
Thes stock is showing signs of reversal and is rebounded from a crucial support of 1948 moreover
the stock can rally till 2722 also the volumes are pretty good
reversal from support zone with strong candle formation, volume & rsi also rising it will easily break upside trend can consider buying now risk reward will be high
Lal Path Labs has exhibited strong bullish signals, with recent support at the 2000 level indicating a potential upward trend. This analysis suggests a bullish stance on Lal Path Labs, with projected targets at 2700 and potentially surpassing the 3000 mark in the coming months. Here's a breakdown of the technical analysis supporting this outlook.
Technical...
DR. lalpathlab in good buying zone
1- stock is trading in its support zone 1900 is a good support for the stock.
2- the value of RSI is nearby 30 which is indicate that the stock is oversold and stock will probably go upside from here.
3- facing rejection from the support zone and create a bullish candel
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Dr. Lal PathLabs Limited is one of India’s leading consumer healthcare brand in diagnostic services with 70+ yrs of experience in this field.
It has largest diagnostics chain with a PAN India presence and a consistent track record of quality and growth.
A Fundamentally Good Stock available at good price with a Long Term Perspective.
Fundamentals:-
CMP is more...
Dr. Lal PathLabs Limited is one of India’s leading consumer healthcare brand in diagnostic services. It is the largest diagnostics chain with a PAN India presence and a consistent track record of quality and growth.
1) Good fundamentals with consistent growth.
2) FII's and DII's have increased their holdings in last quater.
3) Took support from 50 EMA and trading...
Dr Lal Pathlabs Ltd| Diagnostics momentum Stocks
Dr. Lal PathLabs Limited is one of India’s leading consumer healthcare brand in diagnostic services. It has an integrated nationwide network, where patients and healthcare providers are offered a broad range of diagnostic and related healthcare tests and services .
Financial: Strong
Market Cap = 21,675 Cr. ...
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...
NSE: LALPATHLAB is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on...
