laurus labs longlaurus labs currently trading in the triangle, high possibility of break out,
target 1 - 570
target 2 - 650
sl- below 500 (daily candle closing basis)
Trade ideas
Laurus Labs: A new uptrend has begin or still part of correctionLaurus Lab : (Weekly Chart-Elliot Study)
Interesting case to see in chart is weather the correction is over or some more pain is left in it.
It has completed all the 5 impulse wave with this 1st impulse wave of major gets completed, now it is in correction of, This gives rise to two possibilities
Case1 :
Correction is over by completing the abc corrective wave pattern at around 450 level and has resumed its UP journey for the major 3rd impulse wave, confirmation of this will be successful the breakout above 650-680 level. With this we can conclude that short term trend is up and target first 580 and then onward 650 with SL of 470.
580 level can be a tough level to cross, it also the neckline of double top.
Case 2 :
If it retrace back from 580 lv or sub 600 lv this could be first leg "A" of bigger corrective wave. The point of retracement would be completion of leg "B" and it would be moving to complete the last leg of correction "C", if this happens target should be around 380 level for completion corrective wave ABC. This would be good for long term adding with SL of 340.
Conclusion :
A new uptrend has begin or still part of correction is not known, but short term trend is UP. Market to validate in coming sessions.
LAURUS LABS - HoldHi Everyone,
LAURUS LABS is in clear bullish flag in weekly time frame and also in channel range (daily time frame). Once there is breakout and price close above the resistance line and channel line. Then we can expect a good move in price.
Until breakout and confirmation, Now just Hold.
Note: Kindly do your own analysis before making any trading decision.
Regards,
Ivy Venture,
Research Team.
Laurus labs looking good for swing opportunity (20%)The stock has broken the consolidation period after a good fall. Also, it moved above the 200 Moving average today which is a crucial sign of reversal. Can be bought for 1st target if 590 and 2nd target of 660. CMP-548 and SL will be below the 200 MA line which is 514. Do FOLLOW for more ideas.
Laurus lab crossing resistancelaurus lab crossed important resistance today. can go higher. Atleast until previous high.
Laurus labsDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
Lauras Labs ViewLaurus Labs :
Looks ready for Symmetrical Triangle Breakout
Closing above 530 (atleast 1 hour candle) is crucial for breakout, else may fall
NSE:LAURUSLABS bullish pennant !!NSE:LAURUSLABS
#NSE:LAURUSLABS formed bullish pennant pattern.
Waiting to see the Breaking line.....
Symmetrical Triangle Pattern Formation in LauruslabsSymmetrical Triangle Pattern Formation in Lauruslabs
Detailed analysis given on the chart
NSE:LAURUSLABS
Laurus Labs - Long EntryWhy this Trade..??
1. Triangle Pattern
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
buy LAURUS LAB CMP 506 SL 490
TGT 530 580 661 722
after a downtrend first higher high higher low has been formed
[Buddha] Lauras Lab Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
So,
If Long triggers, I will buy intraday.
If short triggers, I will sell positional.
Alternatively, the support levels and the current ATH can be good levels for options spread breakeven points.
LAURUSLABSStock started recovering and making HH and HLs on the hourly chart. Buy with a SL below the demand zone.
lauruslab 1 hr technical view - FIB RETRACEMENTwe can draw fib retracement in 1 hr timeframe we watch strongly support at 0.618%level.above 510 sustaining we expect 525,538,555 levels coming days.
KEEP RADAR ON LAURUS LAB TECHNICAL VIEW DCB 523Laurus lab
keep radar on 523DCB.key point 508.target 538,555,572 upto supply zone
option buyers favour sustaining above 522 or below 492.These two level are important,Attaining this level we wait reversal or breakout then deceide buy ce or pe.momentum zone above 522DCB or 492 DCB. key point 508.
tommorrow we keen watch trend continue or reversal.
Bullish divergence in LAURASLABSIt is a hidden divergence in 1 hour chart of Lauraslabs , and could move higher on Monday. Would recommend you to watch the entire market sentiment too.
If nifty continues to fall, it could become hard for it to go up.
SL 514
TARGET1- 548
LAURUS LAB : BULLISHFresh Buy@CMP
TGT - 590 & 630
SL - 505
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysi
laurus lab is ready to boomLots of pharma stocks chart is looking positive. after the market correction sector rotation will be seen. I think pharma sector will boom for next few months. This is not my recomandation. Its my personal view. Do your own analysis and take decision.
LAURUSLABSlaurus lab cmp 505
support area 465-460
if you like my views and study then please like it
Head and shoulder breakdown target completionRefer to the chart, From the neckline breakdown the stock has moved closed to 135 points down, which was the same height as the neckline to the top. Seems like completion of correction according to the H&S pattern.
SL: 450
Laurus labs at a critical supportCurrently trading at support level. if correction persists in market or segment it may fall to 380 ranges -which is highly probable
