[Short Term] Short - Laurus labsA clear RSI diversion with and engulfing candle at the top clearly signifies a correction to the level of 309.
LAURUSLABS trade ideas
Stock Analysis of Lauras labPrice - ₹326.55 Dt. - 09-10-2020
In past, the price has taken the support of 21DEMA and we think this time the stock can do the same. After 4 sessions in green, the stock closed in red today making bearish engulfing pattern. RSI is above 70, so chances are stock can fall for a few trading sessions and become attractive stock to buy.
Laurus Labs - Bullish Engulfing at 21 EMANote: This is for educational purpose only.
21 EMA seems to have acted as a dynamic support before in Laurus Labs uptrend. There seems to be a bullish engulfing at 21 EMA. RSI above 65 indicates bullish momentum. There seems to be a bullish breakout in RSI as well.
LAURUSLABS formed a MORNING STAR pattern with good volumeLAURUSLABS formed a MORNING STAR pattern with good volume might be a good buy.
LAURUSLABS LONG Another strong trending stock made a fresh High.
Buy with 1160 price below OR 120rs below entry as SL
Laurus labs | BUYA very positive opening for the stock of Laurus labs. It has rallied past the prior high (₹1,155.9) and registered a fresh all-time high today. The stock is riding on a significant upside momentum and the fresh breakout will only make the case stronger for the bulls. So, declines can be used as an opportunity to go long in the scrip.
LAURUSLABS ANALYSISGap will be closed in some time. For now there is strength in the stock, till now there is no profit booking seen from a long time. The next big target is 1125 if we don't see the profit booking in upcoming days. Remember we will see the attempt to close this gap in some time. Volume divergence is also sen which is not good for long term. The only problem for 1125 target coming is the rsi at over 90 which says stock can see some profit booking or retracement in upcoming days.
Investors' panaceaDoubled from recent bottom and no sign of weakness! By October it may cross 1000 and by the year end 1200, I hope.
LAURUSLABS : Good 250+ points BUY coming soon..My wave analysis suggest that a good buy is coming soon..
Check out the chart.
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Happy Trading.
Lauras Labs Reversal StrategyLauras Labs are looking at a possible retracement. Since the post lockdown rally the stock has retraced around 50% both the times. The first bullish wave stood for 21 sessions and the second wave for 25 sessions. For the third wave, 19 sessions rare done. Today it made a Doji Candlestick pattern. Wait for consirmation to check for retracement
Inside Bar Pullback TradePrice contracted and breakout expected.
Long above yesterday's high.
Short below yesterday's low.
Buy Laurus Labs on dipsNSE:LAURUSLABS
Laurus Labs declared fantastic results on Thursday.
Buy Laurus Labs on dips at 470 and 430. They both are strong supports.
Target is 640.
Head And Shoulder LAURUS LABSIf the level of 321.5 is broken and the price closes below it on weekly charts then the target of the H&S is 231.
LAURUS LABS : BUYBUY LAURUS LABS AT CMP 347.50 SL 336 TGT 370.
HORIZONTAL ORANGE LINE SHOWS SUPPORT AND DOUBLE BOTTOM. TODAY'S CLOSE ABOVE NECKLINE OF HEAD & SHOULDER SUPPORTED BY RSI & CCI CROSSOVER AND VOLUME IS GIVING SUPPORT TO OUR VIEW. RALLY CAN EXTEND TILL 400 PROVIDED 328 IS HOLD ON CLOSING BASIS.
