New Study For Paper Trade
Buy Lauruslab Near 355-360
StopLoss :330
Target : 400-450-500-600
Study Logic
👉 Weekly Demand Zone
👉 Monthly Demand Zone
👉50 EMA Support In Monthly TimeFrame
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered Here Post is only for Education purpose i am not responsible for any profit and loss.
Stock has given a breakout of the neckline near 490 of a H&S continuation pattern. The measured target of this pattern is coming about to be in the region of 380-375.
Sell Near 450 and keeping SL of 480 look for the target of 380-75.
LAURUSLABS - seems to be coming out of bottom levels and looking at increasing volumes- add to watchlist.
Above 485 - we should test 530 - beyond this, we should see 640-650 levels.
Price is near 200 EMA on the weekly timeframe along with the resistance of January 2021.
On a daily time frame, it is showing Bullish RSI divergence.
CMP - 383.65
Laurus lab
In my previous take on the stock when it was trading at 463, a long position in cash market was suggested between 436-463 from a long term perspective and with a warning that below 435 it might fall down to 340-370 odd levels and that one needs to have a plan for the same.
Accordingly I had
I haven't changed the chart but using the same one...
Initiating a short trade on Laurus labs with very less stop loss. RR is very high in this trade.
Shorting at 476 for a target of 386 with 482.65 as SL on closing basis.
Disclaimer: I am not SEBI registered, please consult your FA before investing
Although Laurus lab is a falling knife right now and people are struck in this counter but I would like to initiate a long trade around 385/380 with SL below 375. This price zone of 380-385 is support zone of 2020 and I am also counting on RSI which is on oversold level on weekly Time frame. Targets for me on this trade would be 1) 400 2) 422 3) 450 after my...
after making top lauruslabs is in parallel channel. now it has broken the support and heading more down. I doubt it may touch the lower edge of the channel
As seen in above chart Lauruslab is in complex correction Wave WXY, wave Y is in progress which is subdivided into ABC , in which wave C is in process can go down till 410-390 one can keep it has target.
Risk management is Imp, use stoploss, Happy trading.
Hello traders,
been a long time since I had posted any ideas, was busy.
will be posting few good ideas here for positional/long term.
As we all must know about LAURUSLABS, its a very good fundamental company.
but since around 6-7 months, we haven't seen a good move in this.
as overvalued stocks need to cool down somehow, and rally can't continue further,
somewhere...
Laurus Lab
we are looking at weekly chart of Laurus Lab Ltd
the zone of 436-463 has seen buying interest on previous occasions
Target 1 for the current set up comes to around 583-604 zone
Target 2 - 700-720 odd levels
Time frame 2-3 years
A word of caution: Below 435 next important support is around 340-370 zone. So plan your trade accordingly...!!!
This is...
NSE:LAURUSLABS
#LAURUSLABS trading @ major Support level.
The tested 3 times till now, BD may not sustain long, Bouncing and sustainability from this level may show very good momentum 👍
All levels mentioned on chart.
NSE:LAURUSLABS
* Laurus labs
Laurus labs have been consolidating on an hourly chart for some time now and it has given a strong breakout of the resistance line with good volume.
now it's facing a horizontal resistance at 335 zone.
It's a good buy at CMP and you can add more qty at 335 if it sustains that zone and closes above it.
its showing multiple...
The extreme breakdown of H&S shows that price action is weak in this scrip and next target is 440 followed by 380. Those who are stuck can exit. NSE:LAURUSLABS
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...
NSE:LAURUSLABS
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
