LAURUS LABS LTD ANALYSIS

FOR LEARNING PURPOSE

LAURUS LABS LTD - The current price of LAURUS LABS LTD is 666.60 rupees

I am going to buy this stock because of the reasons as follows-

1. Its coming out from a good consolidation base

2. It broke a strong resistance zone and making 4 year high

3. It is showing better relative strength as it stood strong in volatile times

4. The risk and reward is favourable

5. The stock is famous and it belongs to a sector which is defensive and has not done much in last weeks so I am expecting some move from that.

6. The stock was very strong in 2020-2021 and it needed a good rest which it got in last 4 years

7. The stock has been outperforming major Index as well as Sectoral Index which is a good sign

I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 588 rupees
I will be managing my risk.