Uptrend Cont. Forward in Lauruslabs on Weekly TF.NSE:LAURUSLABS is in a beautiful Uptrend lately on a Weekly Timeframe, With Aggressive Delivery based Buying and a Long Buildup in Futures today.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Lauruslablong
Laurus Labs : Waiting for the next move
Good Day
Hello Traders,
Laurus Labs is showing strength and its forming a triangle with the support from the Trendline from bottom.It had a major support between the range 465-485.
If it comes into that range one can buy and accumulate. Once its start consolidating above 550-560 range it can show an upside.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
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LAURUS LAB LONGonly for educational purpose..
1. Laurus Labs insider trade: Disposal of 5,500 equity shares worth Rs 36.13 lacs by employees immediate relative - 02.09.2021.
2. Dont buy this because of insider trading.
3. Laurus lab can go in either direction so wait the line crossed in chart.
4. if upside move then target would hit.
Reason - 44 moving average
2. chart pattern.
3.Magic of insiders.
Note - we should not buy these type of stocks in any terms. because they give big move upside as well as down. no stability.
what are your views guys..
#lauruslab
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