LAURUSLABS- Short Term :Bulls Counter attackLAURUSLABS- Short Term :Bulls Counter attack , up trend as long as it sustains above 505 on closing basis. Potential targets - 577 & 636
LAURUSLABS trade ideas
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 testing ATHStock Name: Laurus Labs
View: Very Bullish
Reasons to Trade: Breakout of Daily and Weekly Highs. Retest of previous resistance done.
Entry: Above 591
Target: 720-725(Previous ATH)
SL: Below 554
RR: 1:3.5
P.S.: The view shared is for educational purposes only. Kindly consult your financial advisor before initiating any trade.
LAURUSLABS LONGGLAURUS LABS LTD STOCK has broke its trendline and is currently near its resistance if candle sustain above it you can go long only after doing your own analysis.
I would say the will surely run long
ONLY FOR EDUCATIONAL PURPOSE..!
Falling wedge pattern LAURUSLABSFor las few day's LAURUSLABS stock was trading in falling wedge pattern and has given breakout inn today's trading session. Hence breakout entry can take above 575+ and keep its long target go up to 835+ in 1D timefreme.
Inverse Head and Shoulder pattern NSE:LAURUSLABS
Forming a Inverse Head and Shoulder pattern.
Neckline around 550
Target 600
NIFTY ANALYSIS AND INTRADAY PICKSNIFTY ON 27-07-2022
Under the leadership of BANK, FINANCIALS and IT NIFTY recovered from the lower levels to make a day high of 16653.45.
The buying in Heavy weights such as TCS and BAJAJ FINANCE provided the momentum to the Index.
Buying was observed in all sectors and consequently all the sectoral indices have closed in green by the end of session.
However, the level 16700 still remains a hurdle for NIFTY in the way of reaching 17000.
NIFTY closed with a gian of 0.96% at 16641.80 i.e. near day high of 16653.45.
Technical View : (Daily Chart)
NIFTY has made a Bullish engulfing Candle which indicates that there are high chances of follow-up buying during tomorrow’s session.
NIFTY is moving above EMA 13, 21, 34 and EMA 34< EMA21<EMA13 which can be interpreted as the short term trend remains intact .
RSI above 60 and below 70 indicates that that NIFTY has successfully regained its bullish momentum and not in the overbought zone.
Support and Resistance: Daily Chart
16570-16487 will work as support level for NIFTY.
On the upper side NIFTY will face resistance in the range of 16695-16768 .
View for Traders:
Today’s session have been splendid for the bulls as despite the nervousness before the Fed Meeting and selling pressure from the FIIs Bulls have successfully defended 16600 and closed near 16650
Still 16700-16750 is a strong hurdle for the index.
Hence, one must wait for NIFTY to cross and sustain this level during tomorrow’s session. Becausd if NIFTY holds this level it may march towards 16800-17000. But any violation of this level will drag the Index back to 16600.
So, for tomorrow, the buyers must take a chance either above 16700 ( if this level sustains) or they should wait for the Index to cool down and come back near 16600-16650. In first case the target will be 16800-16825. In the second case the target will 16700-16750. SL may be put below 16650 in the first case and in the second case SL may be put below 16570.
Sellers must take a chance near 16750-16800 ( as at the time of writing the blog SGX NIFTY is trading at 16799) for a target of 16695-16650. SL may be put above 16825.
Intraday Picks for Tomorrow:
BATA INDIA
Buy in the range of 1845-1849
Target 1 : 1875 Target 2: 1899
SL 1829
LAURUS LABS
Buy in the range of 518-520
Target 1: 528 Target 2: 535
SL 514
Lauras Lab - Short-term BullishLauras Lab - Short-term Bullish
1. It's in a short position and has a good chance to move upwards direction with the small target of 475.
2. If the target of 475 is achieved and opens and closes above that means, then it may have a good recovery rally to 500.
3. Now form a raising wedge pattern after the retracement.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
luarus labslaurus labs sell below 430 and the stop loss is 500
As technical analysis and ema this is for educational purposes only
Laurus LabsHad a good short term consolidation break out expecting to approach the falling trend line atleast lets see
SHORT LAURAS LABSLauras Lab 545 making head and shoulders pattern on daily charts. Pharma pack very weak. Short Lauras Lab till 570 for target of 535/520 and 515,
Below 510 levels breakdown we can see 460 levels too.
LAURAS LABS IS LOOKING WEAK Lauras labs is looking weak on weekly charts caught late so not going to make an aggressive position
Long LauruslabsStock Name: #lauruslab
Action: Buy
Entry: 572.50
SL: 559.20
Target: 598.40
NSE:LAURUSLABS
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**
LAURUSLABSStock has retraced to the previous BO and bounced from the demand zone. Buy with a SL below the demand zone.
Laurus updateplease refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
LAURUS LAB : MOVING OUT OF RANGELooking good on chart , As Pharma Stocks setting up nicely
TGT - 660 & 720+(Positional)
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
LAURUS IS READY FOR UPMOVELaurus lab is trading all moving average 10,20,30,50,100,200. Rsi-62 which shows strength.
Traders and investors may buy above 599. with SL-572 & Terget -645-710.
Happy investing.
LAURUSLABS-> Price Action forming HH & HL.
-> RSI Indicating Bullish Hidden Divergence.
-> Good Consolidation Near Support Zone.
