LAURUS LABS BROKE OUT OF LONG TERM TREND LINE
Laurus labs has been moving in a Parallel Channel from April 23. Having taken multiple supports on the Bottom Trend Line.
It has also broken out of the Long Term Trendline on 3 April 24 and now it is making a retest of the trend line. Even though it has not touched the trendline on retest it has a support zone between 423 to 427. If that support holds we can see a short term Target of 470, 495 and a Long Term Target of 600.
It has also broken out of the Long Term Trendline on 3 April 24 and now it is making a retest of the trend line. Even though it has not touched the trendline on retest it has a support zone between 423 to 427. If that support holds we can see a short term Target of 470, 495 and a Long Term Target of 600.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.