LAURUSLABS trade ideas
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalLAURUS LABS LTD
Trading in a range from last 3 months.
On daily chart, Inverted Head & Sholders pattern.
Having Resistance at 560 levels
Can be save bet to enter if trendline breaks and above strong resistance levels
Can enter above 560/570 levels
for a target of 590/630/650 with SL of 520/500 on closing basis.
Watch out for breakout in Laurus labsChart pattern and levels mentioned in chart. Follow strict risk management.
Laurus long at 525 1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price topped out in June 2021, then distribution till mid Sept, Decline till Nov end and Accumulation from Dec. Currently price crossed over 200 EMA and pulled back till 20
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI? Yes
2. At important support or resistance - horizontal - Yes bounce from 464 level
3. At important confluence of EMAs + price + support - Yes - Daily 200 and Weekly 50
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - HH,HL plus volume shows buying. Weekly candle also is big green
4. Is there any trend continuation in play?
Currently in accumulation.... Good candidate for up trend
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
Yes breakout of 200 EMA at 526 and then pullback to this level.... ideally upward trend should continue
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rose massively in 2020 and 2021 majorly on the back of increased revenues and improved OPMs, PE is low compared to EPS i.e. at 2017 level
2. Are institutional investors/promotors increasing their stake - Institutional and public have increased massively while domestic has reduced (possible red flag)
Laurus Labs: Consolidation is about to overAll levels are reasons are marked out in chart.
DISC: Only for educational purposes.
Bullish Momentum !!!The stock looking good above 550 level.
Target will be 570 & 590.
This is only for educational purpose. do your own analyze before trade !!
Trendline Breakout in LAURUSLABSDON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in LAURUSLABS
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using Breakout Indicator
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Buy Today, Sell Tomorrow: LAURUSLABS for more than 5%
Laurus - An opportunityLaurus giving an opportunity of 35% gains.
First hurdle is at 555 than at 586.
It is having the potential to go to 690 and thereafter 720 in Short to Mid term.
Sound Fundamentals and growth.
Disc: Invested. Not an advice, do your research and then act.
LAURUS LABSThe weekly candle was bullish and the momentum is building up on the charts to break the downward trend line resistance.
Targets of 555 and 585 to start with.
SWING Trade : LAURUSLABStrendline & recent swing high breakout. SL 510/ T1 620
Disclaimer: This is educational purpose only. This is purely my personal view, please trade at your own risk.
Go LongIt's time to look into Laurus Labs. trying to break previous highs, has momentum divergence with RSI and MACD
R:R - ATR - 2:5
Laurus Labs daily chartLaurus Lab is looking bullish, have marked a potential trade setup with SL and first target. Price has just come out of the descending trend channel, had a shakeout and now has broken through a local level of resistance.
Lauruslab BreakoutTL breakout in lauruslabs. Swing traders can plan a trade in this with SL below the breakout TL.
LURUSLABSMoving with in range. Strong bounce from support. daily RSI is abound 60. EMA 13 is crossing over EMA21 from below. Since four days trading in small range range after bouncing from support.
LAURUS LAB Target 577LAURUS LAB good retracement from the strong support. Weekly closing is very good. Long bullish candle. Target 577
LAURUS LABSLAURUS LAB its trendline is being rejected manytimes so we can go long on proper breakout of the trendline in 15mins with breakout candle low below as sl
Still waiting more Confirmation#Laurus Next support around 390 -400
please refer to the chart.
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Thank you for your time and support.
Stay safe.
LAURUS LABSHas taken support at the 61.8% retracement and built a nice base for it to go further up. Volume is in line with the long term average.
Targets 585 in medium term and 700+ for long term.
Laurus lab for short termLaurus labs moving in an upward channel and coming back to its trendline support. A reversal there could be a good buy for the short term.
Lauruslabs respecting 200MALauruslabs respects 200MA and takes support in the immediate trendline. This point acts as crucial for Laurus labs. Breaking this could result in new lows.
