VijayBabuA

LAURUSLAB tightening on weekly

Long
NSE:LAURUSLABS   LAURUS LABS LTD
It is trading near resistance line on weekly chart.
tight consolidating on weekly chart from last 6-8 weekly.
volumes are drying. despite negative news. there is no breakdown. wait for breakout confirmation otherwise this could be because of distribution.

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.