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.
LAURUSLABS trade ideas
spot light on #LaurusLabKey observation :
- Laurus Lab is nearing Possible Reversal Zone of HARMONICS Patter on Daily Time Frame
- Stock is nearing Daily and Weekly Time Frame.
- NSE:LAURUSLABS posted Beautiful results on Q3 as well and also given proper Justification on reduction on Gross Margin
- Surprising Move is in pipeline to Invest at Current levels. Invest now and reap the benefits at this stage.
- Many more reasons like this ....
CMP 330
40 - 50 % potential upside is possible.
Laurus Labs Ready For Go Upside New Study For Paper Trade
Buy Lauruslab Near 355-360
StopLoss :330
Target : 400-450-500-600
Study Logic
👉 Weekly Demand Zone
👉 Monthly Demand Zone
👉50 EMA Support In Monthly TimeFrame
Only For Paper Trade And Education Purpose
Don't Real Trade
I am not sebi Registered Here Post is only for Education purpose i am not responsible for any profit and loss.
channel pattern breakout in LAURUSLABSLAURUSLABS
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of channel Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 391+.
✅Can Go Long in this stock by placing a stop loss above 378-.
✅ breakout this can give risk:reward upto 1:3+
LAURUS LABS LTDFor Long Buy on or above 380 Sell - 425 (1st Target) / 440 (2nd Target) Stop loss - 366 (Minor Bullish divergence on daily time frame)
For Short Sell Below 370 as the level breaks Target - 340 Stop loss - 382
Disclaimer:
Don't consider this as an investing or trading advice. The analysis which i have share here is my
personal opinion. Kindly do your own analysis before taking any financial step.
If you like my analysis kindly follow and share and give your feedback regarding the same
Keep Learning - Keep Earning
Happy Trading.
Laurus Lab: Technical Analysis, levels and planning your trade Laurus lab
In my previous take on the stock when it was trading at 463, a long position in cash market was suggested between 436-463 from a long term perspective and with a warning that below 435 it might fall down to 340-370 odd levels and that one needs to have a plan for the same.
Accordingly I had
I haven't changed the chart but using the same one now... You can see how Technical Analysis has helped us identify levels well before hand...
Once 435 was taken out, the stock has taken support exactly at major support level highlighted in November itself.
Technical Analysis is not about being right or wrong (you are bound to be wrong some or the other time)
Rather use Technical Analysis to
- identify your levels beforehand,
- plan your trade,
- understand your risk and
- manage your trade
Trust the analysis helps you plan your trade.
Like and Follow for more trading ideas.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
can lauruslab turn from support of 385 , palat zone aaya kya?Although Laurus lab is a falling knife right now and people are struck in this counter but I would like to initiate a long trade around 385/380 with SL below 375. This price zone of 380-385 is support zone of 2020 and I am also counting on RSI which is on oversold level on weekly Time frame. Targets for me on this trade would be 1) 400 2) 422 3) 450 after my target 2 for remaining qty I will bring my SL to cost to avoid any loss in the trade. F&O traders should trail SL tightly since this trade would be against the trend. Lets wait n watch, happy trading