Laurus Labs: Consolidation is about to overAll levels are reasons are marked out in chart.
DISC: Only for educational purposes.
LAURUSLABS trade ideas
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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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.
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.
LAURUS LAB BEARISH MODE. TARGET 453LAURUS LAB under breaking the long unwinding. Target 453 for short selling.
laurus labs longlaurus labs currently trading in the triangle, high possibility of break out,
target 1 - 570
target 2 - 650
sl- below 500 (daily candle closing basis)
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.
