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Lauruslabstechnical

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*
NSE:LAURUSLABS
by PIYUSHCHAVDA
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
44

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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