LALPATHLAB trade ideas
LALPATH LAB : bullish impulse waveAs per the current wave structure wave 4 has been registered. One should buy this stock with minor sl of 3090 & look for target of 3300/3350/ 3450.
Fresh breakout in Lalpath LabsLalpath Labs has given a fresh breakout after consolidation of more than 2 months. Diagnostic space is in a bull run and I will look to add on correction with Stop Loss of 2975 on DCB
This is not a buy sell recommendation but publishing my analysis for educational purpose
Consolidation BO after a Rounding BottomStock has deep on 13-04-21 and after that formed Rounding Bottom and Break out of that 10th June and consolidation till date
Today again given the Break out from consolation range.
Swing trade opportunity LALPATHLABLALPATHLAB forming Cup And Handle pattern on Daily time frame.
Levels to watch out: 3400
Await confirmation on breakout of 3400 levels to enter.
Dr. Lal Pathlabs- Stock is forming a ascending triangle pattern.
-Stock break and sustain above 3360 Next level to watch 3600/3715/3875/4160 levels .
-Support is near 3000 level on chart.
LALPATHLABNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Dr Lal Path Lab Rectangle Ready to breakDr Lal Path Lab looks good to break above the rectangle. Buy once it breaks out of the rectangle for the upside target of 3400.
LalPath Range Breakout ViewLalPath Lab :
Range Breakout Possibility
Can Breakout BIG
Looks good above 3315 with SL 3200
LALPATHLAB FLAG AND POLE PATTERN LALPATHLAB FALG AND POLE BREAKOUT AND CLOSE 200 POINT MOVE POSSIBLE
Lalpathlabs: The BOTriangle BO soon on Daily TF, good fundamentals and a long way for the company to move.
Long-term projections, BO will take it 3700 where it will face resistance, if it breaks it 4000 is on charts.
Bullishness may be in coming DaysThere is a Range bound momentum in this stock and this is an uptrande stock so my view on this is fully upside and make a New High in 10-15 days
Cup and Handle formation - Watch outStock has formed a cup and handle formation. Giving break-out signals, yet the neckline resistance is high. Watch out. Can move either way giving a potential trade opportunity.
My View ON DR LALPATHLABDr lalpathlab forming good flag & pole pattern.It should give breakout above 3290.
Positionally ( short term ) tgt 3350-3400++
LALPATHLAB-Daily Chart
- Cup & Handle Pattern
- Looks good for a swing/ Position if closes above 3293
- Manage Risk using stop-loss and appropriate position sizing
What nextPrice has retraced from 3290. 3280 was resistance. Now if price gives hourly close abv 3290 then I will add to my existing long for target of 3700+. 3030 is the support at lower levels.
