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LAURUSLABS

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.
NSE:LAURUSLABSLong
by alokdaiya
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.
NSE:LAURUSLABSLong
by sykhan
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.
NSE:LAURUSLABSLong
by TheUnlearningOne
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