The Market is heavy sell side but it will take a breath and follow the fall
As per price action formation has been made in 1 week TF.
Its a very big move.
Always check the sentiments of the market as per technical analysis, if the pattern get its respect.
Best of luck to all traders.
You are responsible for your Profits and loss, Shared for Educational purpose
Attention dear Traders!
Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor
Trading is like riding a...
Dr Lal Pathlabs one of the largest players of healthcare industry in India has a beaten down stock price currently. It is approximately 53.29% down from it's lifetime high. There is not a single reason for such stock price. The company is posting good results and is consistently showing profits. But the stock is highly undervalued. It is a good time to buy it as...
Dr. Lal PathLabs Limited is one of Bharat’s leading consumer healthcare brand in diagnostic services. The share price is currently 42% down from its lifetime high. It is constantly earning profit and has reduced its debt in the past few years. the company is also maintaining a healthy dividend yield. Promoter has not pledged their shares. So it is a good buy...
Dr Lal PathLabs net profit zooms 54% to Rs 81.3 crore in Q3. Yet the stock is consolidating in the same place for a week, even NSE:CNXPHARMA is trading at the ATH. This might be a very good chance to enter at below price of 2400 (2394) with 1.5% stoploss.
Lalpathlab - Elliott Wave Count
the market seems its on the wave B with the target of near 3000 range and the we can expect big reversal of wave C downside. wave B high will be SL of the short trade.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:LALPATHLAB NSE:LALPATHLABZ2023 BSE:LALPATHLAB
Stock name = Dr Lal Path labs Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not...
Darvas boxes are a fairly simple indicator created by drawing a line along lows and highs. As you update the highs and lows over time, you will see rising boxes or falling boxes. Darvas box theory suggests only trading rising boxes and using the highs of the boxes that are breached to update the stop-loss orders.
Latest High breaks
Volume Growth
Expecpted level...
Dr. Lal Pathlabs Ltd. presents a mixed technical and fundamental profile, with some bullish and bearish signals, making it an interesting company for investors to watch.
From a technical perspective, the HighLow indicator is "Strong Bullish," suggesting that the stock is near a one-year high and likely to make a new high. The one-day analysis is "Bullish," with...
Showing strength on daily time frame. 20 & 200 ma are strong support. volume are also gud on green elephant candle which shows intrest of buyers at this price range.
Buy above 2600
SL 2385
First Target - Near 3000
it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
Looking very bullish via price action as gud pullback followed by big volume and big candle break out. Price action need to see in next week if stay positive in daily time frame. it will have huge target in near future.
SL 2310.
it has gud potential upside target. follow strict sl & proper risk reward ratio. this is the only holy grail in the market.
NSE:LALPATHLAB
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
DR LAL faced multiple resistances near trendline, lets watch out what will happen this time near 2445, if crossed with huge volume and sustains above trendline then go long in this counter for the 20-30% upside
