#Stock : #Dr Lal Pathlabs Ltd #Diwali Pick No 2
#Chart Time Frame: #Daily
#Structure : #Multiple Supports / #Demand Zone / #Uptrend
On #Daily Time Frame the Stock is making a good #Base or taking #Multiple #Supports around 2260 levels which is a demand zones and it will also be a good opportunity to add on every dip up to 2400 for a perspective of a longer time frame investment & Fundamentally Its Non Covid Business is also growing at a very good rate along with a good profit of margin from last many years
So as per the Chart & Fundamentals Stock looks Good for Long Position for Medium to Long Term as per the Levels given below:
CMP - 2624.90 or BoD 2400
Target 1 - 2878
Target 2 - 3275
Target 3 - 3660 + + + +
SL - 2240
Holding Time Frame - Medium to Long Term (#Long Term View is for 5 years which can give a good compounding returns )
All charts & studies posted here are only for EDUCATIONAL PURPOSE
#Chart Time Frame: #Daily
#Structure : #Multiple Supports / #Demand Zone / #Uptrend
On #Daily Time Frame the Stock is making a good #Base or taking #Multiple #Supports around 2260 levels which is a demand zones and it will also be a good opportunity to add on every dip up to 2400 for a perspective of a longer time frame investment & Fundamentally Its Non Covid Business is also growing at a very good rate along with a good profit of margin from last many years
So as per the Chart & Fundamentals Stock looks Good for Long Position for Medium to Long Term as per the Levels given below:
CMP - 2624.90 or BoD 2400
Target 1 - 2878
Target 2 - 3275
Target 3 - 3660 + + + +
SL - 2240
Holding Time Frame - Medium to Long Term (#Long Term View is for 5 years which can give a good compounding returns )
All charts & studies posted here are only for EDUCATIONAL PURPOSE