LALPATHLAB trade ideas
Everyday with one Equity Intraday Profitable Idea:-Dr LalpathlaTrend Analysis is arguably the most important area of technical analysis and is key to determining the overall direction of a security. Trends are based on the principle of higher highs, higher lows (for an uptrend) and lower highs, lower lows (for a downtrend).
Dr.Lal path lab is now in short term bullish mode in corrective wave pattern. and stands in Resistance area. Expecting bullish momentum, when it will cross 2850 with volume. Please initiate trade after breakout and retesting.
Dr all path lab Buy above 2856.
Target 2870,2880,2890,2915
Positional Target :(BTST):- 2950,3000,3050
LALPATHLABThis stock has recently formed a double top pattern, which is a bearish sign, and also near mediun of depth of same pattern, so if it brokes 3600 levels than we can say that another doors have been opened towards south direction, or we can say towards previous swing lows near 3312. One can go short only below 3600 levels with stop loss of hourly closing above 3642.
All the key levels are mentioned in chart with Stop-loss and Targets.
Key Levels are Mentioned on chart
Overall scenarios
Macd in daily negative crossover
Macd in hourly negative crossover
Rsi in hourly below 40
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
LALPATHLABNSE:LALPATHLAB
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
LALPATHLABNSE:LALPATHLAB
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
future analysis of DR lal path labsSO currently the lal path labs is on a short downward trend (minor trend )
further it can take support on the 3550 -3600 level as it is a level of value SUPPORT . Also a trendline coming from jan 1 it can support on this .
but according to my analyis it will break this current support there is some reasons for it -;
1. on a Monthly chart a good bearish engulfing with a great body is formed so i am considering further bearish trend.
2. vol of this current green candle formed on support is low so its not sustainable .
3. rsi should take supprt on 23.3.
4. so as according to history repeat itself concept in sept profit booking occurs. so i am bearish onto 3500 level
THESE ARE ALL MY ANALYIS AND I CAN BE WRONG
HAPPY TRADING
Technical Ananlysis of LAL PATH LANS on differnt time frames ON a Monthly chart : It has followed succesfully evening star kind of pattern you can see on the monthly charts of it with good volume .So, on a monthly basis it is bearish to sideways as further pain is there .It also has broken a important upward trend line .
On WEEkly basis on chart: As a trend line is broken on monthly chat it can be clearly shown in weekly chart with good volume from the previous candle. from top it is rejected by the same level as rejected earlier on 30th of august making that a strong rejection zone (4247.80).
ON daily chart:
It is making a double top kind of pattern whose bottom is recently broken again with good rising volume making the breakdown a more prominent and effective one. this breakdown is also associated with uptrend breakdown .candles are also good as it made a long bearish engulfing candle (full good body) at the top which confirms the that bears are strong.
also on RSI ; its showing a bearish divergence .
on stochastic ;its showing an crossover of red line over bluee line meaning power of bear are increasing.
ON 1 HOUR chart:
double top pattern breakdown
if we draw a fibo from 17th day high to low the price is getting rejected from 50percent and is still not broken the low
IN my opinion and through analyis if it had to broke the low it should have done it on the same day but the low is not broken .Also a hammer pattern is made at the low .
RSI ON OVERSOLD region can take support from 28 can bounce back also the STOCHASTIC OSICLLATOR IS ON OVERSOLD REGION.
SO ON END I WANT TO SAY THAT THE TREND IS BECOMING A BIT BEARISH ACC. TO MONTHLY CHART BUT NOT SO BEARISH.
ON MONDAY IF IT OPEN GAP DOWN LIKE WE CAN SAY ON 1HOUR CHART IF IT OPENS BELOW THE PREVIOUS DAY LOW BULLISH MOMENTUM WILL OCCUR IF OPENS GAP UP IT CAN GO FOR A RETEST KINDA THING . SO LETS OBSERVE
AND YES THESE ARE ALL MY ANALISIS AND I CAN BE WRONG SO TRADE ACCORDINGLY
HAPPY TRADING
Dr. Lalpathlabs thrust towards 3997Targets 3478 and 3997 as the 3rd Wave arrives
Good Fundamentals:
High Management Efficiency with a high ROE of 22.80%
Company has a low Debt to Equity ratio (avg) at -0.79 times
With a growth in Net Profit of 161.04%, the company declared Very Positive results in Mar 21
The company has declared positive results for the last 2 consecutive quartersPBT LESS OI(Q) At Rs 97.30 cr has Grown at 191.32 %PAT(Q) At Rs 83.40 cr has Grown at 156.6 %ROCE(HY) Highest at 32.96 %
High Institutional Holdings at 33.53%
These investors have better capability and resources to analyse fundamentals of companies than most retail investors.