Dr. Lal Pathlabs Ltd. - Lacking Conviction??

25 พ.ค. 2020

Dr. Lal Pathlabs Ltd.

The stock gave a breakout from Symmetric Triangle Pattern and is trending sideways near resistance level (Low Bollinger Band) of 1512.

Time-trend indicator is BEARISH in hourly and daily timeframe. RSI is below 50 and MACD is weak as well.

If the prices break the Support level (1512) with Volume and conviction, we might see 1460 in few days.

However, if the prices bounce from resistance level and give a breakout above 1542 Support Level with Volume; the prices can touch 1575.

KEEP AN EYE!! #B-