Laurus Lab: Important Support and Resistance levelsLaurus 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 from Positional point of view for Longer time horizon
Take care & safe trading...!!!
Like and follow for more ideas like these
LAURUSLABS
SWING TRADE - LAURUS LABS LTD 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 confirmations like:
1. double bottom neckline break
2. Volume spike up
3. strong breakout
keep a stop loss of 10-15% for the projected target.
You can trade in intradaday to if it breaks 334.
please like and comment if you like the analysis.
keep learning,
happy trading.
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..
If you really like the analysis , please do comments, LIKE and Follow me.
LAURUSLABSNSE: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!
LAURUS LABS medium term investment BuyOn analyzing the weekly chart of LAURUS LABS we noticed that the stock is consistently taking support at the trend line. An individual looking for medium-term to long-term investment can take a position at current levels. The stock is having resistance at a level around 600. Investors time horizon for holding the share should be at least 6 months.
**Ideas are my own** Invest as per your risk taking ability**
Short Market Report 28.04.22CHART green candle in both indices; nifty closing above 200 EMA
OC 17000-17300; 36000-37000
PCR bullish
FII 743
DII 780
FnO Data long build up
RSI 49, 48
ADX 15, 15
Conviction bearish
Bias bullish
Int. Markets green
OUTLOOK usually a gap down opening happens after such moves but int. markets are in green
TRADE NIFTY: long above 17320, short below 17220; BANKNIFTY: long above 36500; short below 36300
LONG COROMANDEL, JK CEMENT, HUL, PERSISTENT
SHORT LALPATH, BALKRISHNA, LAURUS
Inverse Head and Shoulder in LaurusCHART -> LAURUS LABS DAILY SETUP
As seen per the chart, inverse head and shoulder breakout in Laurus. Looks good to test 700 levels again.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
#LaurusLab Break out Trade NSE:LAURUSLABS
Everything mentioned on chart if still have any doubt ask in comment.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Expecting a Bullish Move in LAURUSLABS As per the 2 Hour Chart of LAURUS LABS LIMITED, we have witnessed a Formation of “Bullish Harami”.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 508.95, 515.90, and 521.50. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 494.20, on closing basis.
Closing Price (as on 18.01.22) : 501.50
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Laurus Labs: A new uptrend has begin or still part of correctionLaurus Lab : (Weekly Chart-Elliot Study)
Interesting case to see in chart is weather the correction is over or some more pain is left in it.
It has completed all the 5 impulse wave with this 1st impulse wave of major gets completed, now it is in correction of, This gives rise to two possibilities
Case1 :
Correction is over by completing the abc corrective wave pattern at around 450 level and has resumed its UP journey for the major 3rd impulse wave, confirmation of this will be successful the breakout above 650-680 level. With this we can conclude that short term trend is up and target first 580 and then onward 650 with SL of 470.
580 level can be a tough level to cross, it also the neckline of double top.
Case 2 :
If it retrace back from 580 lv or sub 600 lv this could be first leg "A" of bigger corrective wave. The point of retracement would be completion of leg "B" and it would be moving to complete the last leg of correction "C", if this happens target should be around 380 level for completion corrective wave ABC. This would be good for long term adding with SL of 340.
Conclusion :
A new uptrend has begin or still part of correction is not known, but short term trend is UP. Market to validate in coming sessions.