SANJAYPATIDAR_

SWING TRADE - LAURUS LABS LTD

Long
NSE:LAURUSLABS   LAURUS LABS LTD
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.
Comment:
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.

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