1. We started with the Daily chart and saw stock to be near the upper resistance levels. Overall trend being positive !
2. We came down to 4H and 1H chart to mark all the important key levels and support zones.
3. We came down to 30Min and 15Min to find the channel pattern.
4. On a 5 min chart the price has already retested it's key support level and is good for a...
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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.