Prosenjit

Lauruslabs Simple Analysis - Bullish

Long
Prosenjit Updated   
NSE:LAURUSLABS   LAURUS LABS LTD
LAURUSLABS had fallen down much in the past. A few weeks back it had engulfed the Down-trend Line, which is a signal for an Up-Trend to start.

A curious U-shaped recovery can be observed in this chart. Overall we have a Trap Zone and the price is consolidating over it, hence my expectation is it should Go Up.

A Long Term Target of 449.05 is quite possible. This would be a 25.85% Return on Investment and a Reward to Risk of 3.61 in the monthly chart.
Comment:
2:1 RR achieved but should be held for Full target.

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