Laurus labs has been moving in a Parallel Channel from April 23. Having taken multiple supports on the Bottom Trend Line.
It has also broken out of the Long Term Trendline on 3 April 24 and now it is making a retest of the trend line. Even though it has not touched the trendline on retest it has a support zone between 423 to 427. If that support holds we can see a...
Price already broken the trendline and in pull back zone if it take support then we expect a good up move for the long time investing.
Also you can see the stock is forming higher high which is good sign for up move.
Simple Price action!
Laurus Labs Ltd. is an interesting chart with following
1. Ascending Triangle breakout under formation on weekly chart
2. Narrowing Bollinger Bands on weekly chart with price moving near upper band
3. Minor Resistance near 448-450 zone above which stock can fetch 485-530 zones
4. Major support near 415 - 425 zone
5. Bullish Marubozu candle + bullish...
Lauras Labs did an angular trendline breakout with good volume. the stock is in momentum in weekly tf.
next targets can be 530 and 609 for long term.
this is not any advice or recommendation. kindly do your own study before taking any trades
Lauruslabs has given a good breakout of trendline and horizontal resistance with volume.
Stock is looking strong for a reversal and can fly towards ATH if market supports.
Keep in watchlist.
NSE:LAURUSLABS had fallen down much in the past. A few weeks back it had engulfed the Down-trend Line, which is a signal for an Up-Trend to start.
A curious U-shaped recovery can be observed in this chart. Overall we have a Trap Zone and the price is consolidating over it, hence my expectation is it should Go Up.
A Long Term Target of 449.05 is quite possible....
ready to break parallel zone with high volume
rsi also about give breakout shows strength
volume and adx rising shows strength in stock
keep in radar it can give decent return
Laurus Labs has given a breakout from a cup and handle formation which is bullish formation at 378.75 and currently at 392.30. Its 1st target is 443 followed by 527 and 606. Keep a stop loss below 370.
Disclaimer: I am not a SEBI registered analyst. This is not a recommendation to buy or sell. This is for educational purpose only. Please consult your financial...
NSE: LAURUSLABS is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 9% to 14% gain on...
The stock making and trading with interesting pattern.Support turn resistance zone might or not affect the stocks.If stock break this area than high chances of going further.Entry and exit can plan according to you.
No calls. No tips.Only chart analysis
NSE:LAURUSLABS
cmp 399.85
This setup is developing and appears promising
Let's wait for a breakout over 440 before moving on with buy position
anticipating a first target range of 550–560, and after some area consolidation, will head in the direction of 700
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in...
Laurus Labs - Long
Buy & Accumulate Zone: ₹ 397-₹ 401
Target 1: ₹ 418.65
Target 2: ₹ 540.8
Target 3: ₹ 480.9
Stoploss: ₹ 378.5
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**Disclaimer:
I am NOT a...
