LALPATHLAB trade ideas
LALPATHLAB-breakout from Fib level 50%Easy 2:1 RR ratio. Everything explained in the chart. Cheers :D (Honestly I have never heard this stock before :). But I really love the price action <3)
stock good for buying long lal pathlabafter great earning stock look good to go long here . But little risky to buy now because overall market looks weak . if you can take risk then good stock to go long .
Dr lalpath labs - Can be very bullish above 2820Bounced from support which was previous resistance.
RSI bouncing from 40 zones
Closed above previous resistance.
DR PATH LAB WEEKLY CHART BREAKOUT RETESTED . CAN HIT 2990/3150 IN COMING DAYS . ADD AROUND 2880-2900 ZONE
LALPATHLAB - Ascending Channel - Breakout at support - SwingThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
Logic, Entry range, SL and Targets are shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
One can check out my other ideas with similar patterns - MAHINDCIE
Good for Long viewStatistical Brief
Market Cap₹ 21,793 Cr.
Current Price₹ 2,615 High / Low₹ 2,690 / 1,305
Debt to equity0.00 EPS₹ 28.9 ROCE32.1 %
ROE22.2 % ROE 3Yr22.7 % ROE 5Yr24.6 %
Return over 1year86.5 % Return over 3years44.0 % Return over 5years22.6 %
Profit after tax₹ 241 Cr. Profit Var 3Yrs13.4 % Profit Var 5Yrs18.8 %
Promoter holding55.7 % Pledged percentage0.00 %
Stock P/E90.5 Industry PE38.5
Current Resistance @ 2657 Trend Positive
Target - First 3130 Target - Second 4500
Support 2452
Lalpath: Breakout on Daily and Weekly ChartDr. Lalpath: Breakout on Daily and Weekly Chart with good volume. Can be bought for the Target of 2600 with an initial SL of 2265
DRLAL is looking good for 2600ish TgtAB=CD Harmonic
Rounding bottom breakout today
2300ish is turning out to be a solid support
4hr TF Swing position
#Learning n sharing my view not an advise
#DRLAL LONG
#LALPATHLABSAnother fundamentally strong stock turing actionable technically. Breakout retest on weekly time frame. A low risk, high reward entry with stoploss below purple band.
Best strategy would be to enter partially and re-entry if it tests its support. Can be added along the lower band of the channel periodically, just like an SIP.
Long on Breakout !!! with SL below Blue Line@Lalpathlab -- Good to go for Long once it Breaks the Red trendline, with SL below Blue line.
