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LAURUS LABS LTDLAURUS LABS LTDLAURUS LABS LTD

LAURUS LABS LTD

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LAURUSLABS trade ideas

LAURUSLABS - Cup-and-handle - BO - wklyLAURUSLABS This chart depicts **Laurus Labs Ltd.** and showcases a **cup-and-handle** breakout pattern. ### Observations: 1. **Cup-and-Handle Pattern**: - The stock formed a rounded "cup" with a resistance around ₹516.70. - A brief consolidation (the "handle") followed, leading to a breakout above ₹516.70. 2. **Breakout Confirmation**: - The price closed at ₹567.15 (+10.64%), indicating a strong breakout. - The breakout is supported by high volume, confirming buying interest. 3. **Measured Target**: - The height of the cup (~₹237) added to the breakout point (₹516.70) gives a target of **₹753.00**. - This represents a potential upside of ~46% from the breakout level. 4. **Support Levels**: - The breakout level at ₹516.70 now acts as immediate support. - Stronger support lies near ₹440 (handle base). 5. **Volume Spike**: - Significant volume during the breakout signals strong momentum, increasing the likelihood of the price reaching the target. ### Potential Strategy: - **For Bulls**: - Entry on pullbacks near ₹516.70 or on dips above ₹550. - Target: ₹753.00. - Stop-loss: Below ₹500 (to account for false breakouts).
NSE:LAURUSLABSLong
by VCharts_TA
Laurus Labs Limited - Breakout Setup, Move is ON...#LAURUSLABS trading above Resistance of 553 Next Resistance is at 699 Support is at 420 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:LAURUSLABSLong
by MandeepSinghKohli
Uptrend Cont. Forward in Lauruslabs on Weekly TF.NSE:LAURUSLABS is in a beautiful Uptrend lately on a Weekly Timeframe, With Aggressive Delivery based Buying and a Long Buildup in Futures today. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:LAURUSLABSLong
by Karanshah137
LAURUS LAB By KRS ChartsDate: 21st Aug 2024 Time: 9:32 AM Why Laurus Lab? 1. Correction Wave was finished with 5th wave low in Mar 2023, after that it gradually moving up and made upside channeling. 2. Currently price is sustaining above 100 EMA and likely to reversed from that too. 🤞 3. why I'm keen to post L Lab is because along with both above points its likely to close and try to be making Morning Star at bottom in 1W TF. Lauras Lab is at better price at this level with Future Targets of 525 and 605. SL would be flexible Weekly Closing Below 100EMA Once Morning Star Closing will confirm at end of this week this trade will Activated 🎇
NSE:LAURUSLABSLong
by KRSCharts
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