LALPATHLAB trade ideas
Triangle BO + Volume IncreasedAfter multiple attempts, triangle break out in DRLALPATHLAB. Price consolidated since October in the highest range and finally breakout last trading session. Support zone 2380 - 2330 and SL 2270 on closing basis. Potential upside till 2800.
Break-out on 1W Chart : LALPATHLABLALPATHLAB
Stock gave 20-25% growth in 2018 and almost 50% growth in 2019 during intra-year swings.
During 2020 fall, it gave 33% correction, and recovered entire fall mid-year.
By mid-2020 it was back to 2019 high.
From start of 2020H2, it appreciated 30% by end of CY2020.
Last weekly close, was at ATH with volume, by breaking out from top wicks of previous weeks swing high.
Week RSI = 69.47
Aggressive trader : Buy 50% Qty at current price, add 50% Qty after 4-5 trading session if price move in trade's direction.
Conservative trader: Buy 25% Qty at current price, add 25% Qty after price give pull-back near purple-dot line, add 50% after price move above 1st purchase in trade's direction.
LOSS EXIT:
Top purple-dot line : those holding for few days
Middle purple dot-line: those holding for few months
Bottom purple-dot line: those plan to hold for a year
Rectangle Pattern Breakout with High Volume*The 2395.00 area is a potential RESISTANCE breakout now and act as a support for now and at the same time this kind of pattern breakout (RECTANGLE) in price is sustainable and high probability. Risk is too low now.
*This stock breakout the resistance level with high volume.
*Price trading above all the moving averages.
*Present trend and sector in bullish trend.
All parameter shows a high probability buy set up with stop loss of 2300.00 closing basis.
LALPATHLABS: 2 Months Breakout! 🛸Trendlines are marked. Volume is having good enough spike and candle is full body bullish. Looks fantastic!
Short Term Idea: LALPATH LabsLong above 2340 for a target of 2740.
Stoploss: 2090
Timeframe : 1month
Added to my Long WLI will buy in to this anytime. Maintain SL. Ready to test ATH and will break past it to newer highs.
LALPATHLAB, Good Above 2206LALPATHLAB, 2197-2206 acted as both support and resistance,good if closes above 2206
#LALPATHLAB WEEKLY CHART VIEW!!#LALPATHLAB WEEKLY CHART VIEW!!
Dr. Lal Pathlabs Ltd. is consolidating in an ascending triangle pattern and likely to see a breakout above swing high of 2395 level.
Technical parameters look positive as of now.
Immediate support comes at 2175 level.
Keep a close watch.
One Right Trade's Swing Trade Idea #171 : Long on LALPATHLAB This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
LAL Pathlabs. Cup and handle pattern breakout.The stock gave a breakout and after it came down to test the levels. Ideal pullback today. Buy n keep stop loss below 12th oct 20 candle low
Lalpathlabs - Bullish engulfing at first pullbackNote: This is for educational purpose only.
There seems to be a bullish engulfing at first pullback. RSI above 60 indicates bullish momentum.
LALPATH LAB ANALYSES WHICH GAVE US 26 POINTS RED POINTS ARE ENTRY AND EXIT
.
TRADE BASED ON
1 PRICE ACTION
2 BREAK OUT STRARTEGY
3 FIBO LEVEL
4. SUPPORT AND RESISTANCE
LALPATHLAB #LALPATHLAB
Dr. Lal Pathlabs Ltd. is trading right at the weekly support zone.
Likely to see bounce in the short term until 1800 level is protected on the downside on closing basis.
Technical parameters looks positive as of now.
Keep a watch.
