LAURUS LABThe Channel is being respected here
With a steady rise. Low downside potential
Taking Good Support for 200 EMA and channel.
BONUS... Entire Sector is hitting the uptrend.
Lauruslabsanalysis
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*
long tradedaily candle close above 368
makes way open for more upside
theory based on trendline + resistance breakout
disclaimer - trade @ own risk
Laurus Labs Initiated Short tradeInitiating 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
Laurus labs | Bullish | Targets 482, 528, 575 | Swing TradeLaurus labs | Bullish | Targets 482, 528, 575 | December 2022 | Swing Trade
LAURUS LAB: Head and ShoulderStock 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 trading @ Support 👍😍😍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.
LAURUS LABS H&S breakdown 440 next down target! 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
NSE:LAURUSLABS Ascending triangle NSE:LAURUSLABS
#NSE:LAURUSLABS formed ascending traingle.
Happy LEarning.
NSE:LAURUSLABS Blasted !!!!!! Further levels marked !!NSE:LAURUSLABS
#NSE:LAURUSLABS shared with levels and blasted, further levels marked for practice.
Happy LEarning.
trading idea for Laurus labs for short termLaurus lab looking good for the short term trade.
levels marks.
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.
