Dr. Lal PathLabs – Technical View
(Educational | SEBI Reg. INH000019886)
Technical Structure:
Price witnessed a sharp correction and is now bouncing from lower Bollinger Band, indicating short-term relief after oversold conditions.
Indicators:
RSI recovering from near 40, suggesting early strength.
MACD showing flattening, selling momentum slowing.
Price attempting to reclaim 20-EMA, which is crucial for further upside.
Key Levels:
Support: ₹1,380 / ₹1,350
Resistance: ₹1,480 → ₹1,530
Bias:
Short-term recovery possible; strength only above ₹1,480.
⚠️ Educational purpose only, not investment advice.
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