• Chart Analysis:- On Hourly TF of LAURUS LABS LTD we can see that stock is making a symmetrical triangle which is a bullish signal but as we know market is supreme so patterns may fail . According our analysis stock will fall to our expected targets. We can confirm from 3 Indicators. o RSI on daily TF is in oversold range which is bearish signal o On DMI DI- line is above the DI+ line which is also a bearish signal o On Bollinger bands we can see that the band is stretched and 20 ema is above the candle stick.
Short / Entry point- 679- 676
Short term targets • 670 • 661 • 648
Disclaimer - I am not sebi registered analyst so do your own research before investing , i can be 100 % wrong.
Are you still bearish on this, I've entered today at 677 for a long. Can you please update the analysis
sakshamjais1
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@Stockoholic_PearlCity, hey , now stock is looking good for upside move RSI is on 60 levels and DMI is also giving bullish signal your 1st target should be 699. and always enter in trade with a stop loss.
Disclaimer :- As i say ,i am not certified analyst so please do your own research too..
Stockoholic_PearlCity
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@sakshamjais1, Thank you, friend, Yes, I strictly do my own analysis and look for suggestions to gain more confidence :)
I'm aware everyone's analysis is disclaimer applicable ;) ;)