Laurus Labs- Potential selling climax has been reached.
- Sellers seem exhausted
- Continuous divergence on RSI
- Moving averages turning flat
- Seems like a good pick from the investment perspective.
Very interesting turn of events in Laurus Labs after the poor earnings result. In hindsight, it seems like it was a "buy the news" event.
Would be interesting to see how it moves over the next few weeks.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.