Note: This is for educational purpose only.
21 EMA seems to have acted as a dynamic support before in Laurus Labs uptrend. There seems to be a bullish engulfing at 21 EMA. RSI above 65 indicates bullish momentum. There seems to be a bullish breakout in RSI as well.
A very positive opening for the stock of Laurus labs. It has rallied past the prior high (₹1,155.9) and registered a fresh all-time high today. The stock is riding on a significant upside momentum and the fresh breakout will only make the case stronger for the bulls. So, declines can be used as an opportunity to go long in the scrip.