Latest Technical Research 18 May 2020

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  Admin: SMTA Institute

• 18 May 2020

Dr . Lal Pathlabs Ltd

• Symmetrical Triangle closed near resistance level and above 100 day SMA
• Technical indicators are bullish if price closes above the resisatnce level 1632; next near by resistance is 1758 and support is 50 day SMA (1520) on daily chart
• If it breaks the lower side with volumes, the support levels are 1465 and 1303

Lupin Ltd.
It is trading in a narrow range and has closed with an Inside bar pattern.
Technical indicators are mild bullish .

However, the price can move either side. If price trades below Inside bar 828 next support is 792 and if price trades above Inside bar 867 next resistance is swing high 906 on the daily chart.

Glenmark Pharmaceuticals Ltd.

• It is trading above 200 DAY SMA (BLUE).
• It is trading in a narrow range.
• Technical indicators are mild-bullish.
• If price trades above narrow range 359 #breakout is expected.

ASHOKLEY - DAILY - ASCENDING TRIANGLE

Stock is bearish in Weekly and Monthly timeframes.Prices have been facing Resistance from the Upper Bollinger band (51.90) and the Mid-Bollinger band has been acting as a SUPPORT. f the prices break (46.75), the next support is 43.50 and then 39.75.