Dr. LalPath Labs: Diagnostics at a Critical Crossroad
Technical Analysis (Weekly Chart):
Support Level: The stock has established a median support level around ₹3000.
Resistance Levels: Immediate resistance observed at ₹3,200 with Major Resistance located at ₹3,550, 3850 and 4245, all of which might act as a significant barrier in the near term.
Keep in mind:
Disclaimer:
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
Support Level: The stock has established a median support level around ₹3000.
Resistance Levels: Immediate resistance observed at ₹3,200 with Major Resistance located at ₹3,550, 3850 and 4245, all of which might act as a significant barrier in the near term.
Keep in mind:
- Nifty remains in a correction phase. A deeper market correction could drag the stock price down, even if its current technicals suggest upward potential.
Disclaimer:
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
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