johntradingwick

LAURUS LABS - Important support/resistance levels

Long
NSE:LAURUSLABS   LAURUS LABS LTD
Key highlights:

- Marked out a few important horizontal S/R levels in order to give a better idea to the new learners.
- Do not trade in between the levels, always trade level-to-level.
- It is continuously taking resistance from 200MA, indicating a shift in apply to higher levels.
- It may soon breakout above 200MA because the supply is getting absorbed.
- Wait for a pullback towards 550 zone or wait for a breakout of 590.

Disclaimer:This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView

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