SWING TRADE - LAURUS LABS LTD

Oct 20, 2022

LAURUSLABS

*Laurus labs
Laurus labs have been consolidating on an hourly chart for some time now and it has given a strong breakout of the resistance line with good volume.
now it's facing a horizontal resistance at 335 zone.

It's a good buy at CMP and you can add more qty at 335 if it sustains that zone and closes above it.

its showing multiple confirmations like:
1. double bottom neckline break
2. Volume spike up
3. strong breakout

keep a stop loss of 10-15% for the projected target.

You can trade in intradaday to if it breaks 334.

please like and comment if you like the analysis.

keep learning,
happy trading.

Oct 30, 2022

Note

trend totally reversed to bearish, but we are safe as our entry didn't triggered yet so it will only be bullish above 534 keep wait for this level or avoid.