LAURUSLABS - Cup-and-handle - BO - wklyLAURUSLABS
This chart depicts **Laurus Labs Ltd.** and showcases a **cup-and-handle** breakout pattern.
### Observations:
1. **Cup-and-Handle Pattern**:
- The stock formed a rounded "cup" with a resistance around ₹516.70.
- A brief consolidation (the "handle") followed, leading to a breakout above ₹516.70.
2. **Breakout Confirmation**:
- The price closed at ₹567.15 (+10.64%), indicating a strong breakout.
- The breakout is supported by high volume, confirming buying interest.
3. **Measured Target**:
- The height of the cup (~₹237) added to the breakout point (₹516.70) gives a target of **₹753.00**.
- This represents a potential upside of ~46% from the breakout level.
4. **Support Levels**:
- The breakout level at ₹516.70 now acts as immediate support.
- Stronger support lies near ₹440 (handle base).
5. **Volume Spike**:
- Significant volume during the breakout signals strong momentum, increasing the likelihood of the price reaching the target.
### Potential Strategy:
- **For Bulls**:
- Entry on pullbacks near ₹516.70 or on dips above ₹550.
- Target: ₹753.00.
- Stop-loss: Below ₹500 (to account for false breakouts).
LAURUSLABS
Laurus Labs Limited - Breakout Setup, Move is ON...#LAURUSLABS trading above Resistance of 553
Next Resistance is at 699
Support is at 420
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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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Laurus Lab breakout of trendlineLaurus Lab done abc correction and break out of trendline
giving Positive momentum with good volume.
Currently trading in upside moving channel..
looking good potential for upside for 600-700 targets in short term.
Disclaimer : study is for educational purpose. I am not SEBI registered.
Laurus Labs cmp 489 by Weekly Chart viewLaurus Labs cmp 489 by Weekly Chart view
- Support Zone at 445 to 460 Price Band
- Volumes are increasing week after week
- Price sustaining over the Rising Support Trendline
- Price sustaining above the Falling Resistance Trendline
- Weekly basis : Support at 415 > 365 > 306 with Resistance at 530 > 589 > 660 > ATH 723.75
- *Bullish Cup & Handle formed with price closure above Support Zone and needs to sustain for breakout to continue*
Laurus Labs and Fine Organic - Reversal Breakout Alert!
In the past, the stock found strong support around the 450 level, but when the price dropped below this support zone, it experienced a significant decline.
The stock started to move upwards within a parallel channel after finding support around the 290 level.
A recent bullish candle allowed the price to break through its trendline resistance with strong volume support.
The stock also broke through the upper Bollinger Band and has been able to sustain its position above it.
With the price showing strong upward momentum, there is potential for an upward movement from the current level.
The stock price reached an all-time high of nearly 7,330 before dropping sharply to around 4,100.
After the decline, the price entered a consolidation phase and traded in a Box pattern.
A breakout has occurred recently, with the stock surpassing its previous range and trying to maintain its position.
The rising volume suggests the possibility of an upward movement from the current level.
Technical Analysis for Laurus Labs:Chart Pattern: Breakout of Supply Zone
Volume: Good volumes with a bullish candle closing
Trendline: Breakout of trendline as well
Entry Strategy: Buy at Current Market Price (CMP) ₹477
Stop Loss (SL): ₹410 for risk management
Target: ₹711
Trade Duration: Swing Trade for 3-6 months
Another diagnostic stock ready for reversal!This has been on my radar for months but it never gave a convincing breakout. A strong weekly candle closing today may lead to the awaited breakout and further upmove in the counter. NSE:LAURUSLABS is running strong with trendline support and ready to break above and sustain 450 levels. Have already posted NSE:LALPATHLAB from the same sector.
Laurus Labs 410CE OptionTargets, Stoploss and Entry level has been provided.
The Stoploss gets activated only after the Entry level is triggered.
LAURUS LABS - Bullish Momentum with VolumesNSE: LAURUSLABS is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 9% to 14% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
LAURUSLABS - developing setup, wait for BO above 440NSE:LAURUSLABS
cmp 399.85
This setup is developing and appears promising
Let's wait for a breakout over 440 before moving on with buy position
anticipating a first target range of 550–560, and after some area consolidation, will head in the direction of 700
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Laurus Labs - Long Laurus Labs - Long
Buy & Accumulate Zone: ₹ 397-₹ 401
Target 1: ₹ 418.65
Target 2: ₹ 540.8
Target 3: ₹ 480.9
Stoploss: ₹ 378.5
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I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
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Laurus Labs Ltd | Pharma multibagger momentum stockLaurus Labs Ltd | Pharma multibagger momentum stock
Founded in 2005, Laurus Labs is a research-driven pharmaceutical and biotechnology company having a global leadership position in select Active Pharmaceutical Ingredients (APIs)
Financial: excellent
Market Cap = 23,185 Cr. ROCE = 22.2 % ROE = 20.4 %
Debt to equity = 0.45 Promoter holding = 27.2 % Piotroski score = 5.00
Quick ratio = 0.64 Current ratio = 1.31 Profit Var 3Yrs = 41.6 %
Sales growth 3Years = 27.3 % Return on assets = 11.2 %
in sector rotation now its pharma time to move up.
big player heavily buying in pharma sector.
this stock is big one momentum stock. since long consolidation RSI up move in momentum zone.
we have to ready for participate and grab the opportunity . moreover financially also stable pharma company.
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