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rdkriplani
Oct 21, 2022 9:08 PM

Laurus Labs - Market over reaction 

LAURUS LABS LTDNSE

Description

With markets badly reacting to its result if the breakdown continues the stock could test 445 kind of levels.
There was a convergence of moving averages which could result in a sharp move on either side.
If you own the stock be cautious if the move continues downwards.
Comments
Shankarshanmuga
Adding fuel to fire, it got Form 483 observation (management says it's minor), will be interesting to watch on Monday. what you greed price for this?
rdkriplani
@Shankarshanmuga, 300 maybe?
Shankarshanmuga
If it break down 436 will it reach around 350? Is this reaction more related to aspiration revenue set by management? your thoughts
rdkriplani
@Shankarshanmuga, No clue but if it reaches 350 it makes for a good buy there..
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