Laurus Labs - Long EntryWhy this Trade..??
1. Triangle Pattern
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
LAURUSLABS
KEEP RADAR ON LAURUS LAB TECHNICAL VIEW DCB 523Laurus lab
keep radar on 523DCB.key point 508.target 538,555,572 upto supply zone
option buyers favour sustaining above 522 or below 492.These two level are important,Attaining this level we wait reversal or breakout then deceide buy ce or pe.momentum zone above 522DCB or 492 DCB. key point 508.
tommorrow we keen watch trend continue or reversal.
Laurus Labs: Is it making a comeback...Simple price analysis of Laurus Labs.
Laurus Labs, currently has found a support at around 450 and has made reversal.
Critical thing to note would be when Laurus Labs crosses the 200 day EMA, at around 529. Need to check other supporting parameters to see if the turnaround is in the corner.
The RSI has reversed from 40 and is currently at 46. Positive trigger would be if it breaches 60 and moves up towards 70
Observe the volume bars. Dried up volume would set the stage for revival. Should wait and watch.
In the long term I am bullish, though I have exited the stock at 600. Will enter if technical parameters are favourable.
LaurasLab finally formed a good support can show move now I will buy LaurasLab because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 598/586
Target : 730/800
Stop loss : 570/550
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
#lauruslablong
Laurus Lab uptrend intact#LaurusLabs poised for further upmove. Positional view.
- BO done above 700 level.
- Slight RSI divergence, may slow down the progress till it is sorted.
- May be a entry opportunity for target 810.
- Stop loss may be at 635.
*Only for educational purposes, not a recommendation.
#FORTIS CMP236 #Target254 #PMModi #ModiSpeech #Pharma #CNXPharmaDaily Chart
#FORTIS
NSE: FORTIS
Short Term Quick Profit
CMP 236
Target : 254
SL : 226
Timeframe < 30 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia