LALPATHLAB

١٦ يناير ٢٠٢٢

This 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