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.