Weekend Pick 3: Dr Lal Pathlabs
Fundamental : Strong. Growing Sales, Profits. High Reserves Vs low Debt.. Significant increase in DII holding!
Technicals : Cup and Handle Breakout, Well placed MAs, Good RR!
R 1: 2750
R 2: 3000
R 3: 3300+ above that can go 3800 levels
SL : 2150
➡️The last time scrip tested it's base and gave a #trendline #breakout, it gave a 489% upmove
➡️Similar setup build-up may give a multibagger upmove of 489% to10828
➡️SIP advised
P.s.- Sorry, have not been active here at all
Analysis mentioned on chart.
Looks to give good returns in the next 6 months.
Certainly not investment advice. I'm just trying to hone my skills and share my learning.
Suggestions, feedback, criticism welcome.
stock is currently trading at 2524.
daily chart shows positive trend and on weekly chart its trading above its 50 & 200 EMA.
immediate support levels are 2450-2300
resistance levels 2560-2600
target 2800-2880
stoploss 2140
If you like to see more ideas please support and follow for more updates.
Entry : 2543.65
Stop loss : 2157.25
Target: 3307 ( 30% Target)
Not a SEBI registered, do your own analysis before taking trade , it's for educational purposes only
LALPATH LAB has given breakout from a longterm pricewise and timewise correction
it has clearly break the supply zone in daily tf as well as in weekly tf
one can go long from here
put STOPLOSS BELOW 2300 AREA OR BELOW 20EMA IN DAILY TF OR 200DEMA CLOSING BASIS ONLY
always trade with your own conviction
THIS IS JUST FOR EDUCATION AND LEARNING PURPOSE
hope u...
I am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.
as long as the stock is not breaking 2150
can expect the stock to bounce
towards 2288/2386/2475
stock after a big down trend making higher high higher low
NSE:LALPATHLAB Dr Lal PathLabs Limited is an Indian service provider of diagnostic and related healthcare tests. Based in New Delhi, the company offers tests on blood, urine and other human body viscera.
After a downtrend, Lalpathlab gave BO of Bullish Harami candlestick pattern.
Entry : 2239.35
Target : 2352
SL : 2155
RR : 1.34
Triangle Pattern in LALPATHLABS Daily Candle.
One can trade as per their risk with Support & Resistance are marked.
Entry -> Above 2272
Target -> 2500,2679,2895,3277
SL -> 2165
NOTE: I AM NOT SEBI REGISTERED ADVISOR. THE IDEA IS FOR EDUCATIONAL PURPOSE ONLY
KEEP ON RADAR LONG TERM POSITIONAL
If you create a long term position on the STOCK!!
So do your analysis, do your research, seek advice from a consultant and focus on this.
Not going into any technical explanation for the purpose of ease of understanding of every one of us. Though Marked on the chart are the Elliot Waves, but simply check the channel marked in white and green and wave curve in green. Picture explains everything. Its a sure buy, but please adhere to the levels marked in my previous discussions on the stock. Link...
Long above 2232.1 in confidence. Can expect a big target in this week.
Please do not be in haste. What levels are mentioned here are on closing basis. Find reason to trade then execute. Don't trade and find reasons to justify it.
Refer to my previous discussions on this stock. Link provided.
