LAURUS LABS LTD. • Chart Analysis:- On Hourly TF of LAURUS LABS LTD we can see that stock is making a symmetrical triangle which is a bullish signal but as we know market is supreme so patterns may fail . According our analysis stock will fall to our expected targets. We can confirm from 3 Indicators.
o RSI on daily TF is in oversold range which is bearish signal
o On DMI DI- line is above the DI+ line which is also a bearish signal
o On Bollinger bands we can see that the band is stretched and 20 ema is above the candle stick.
Short / Entry point- 679- 676
Short term targets
• 670
• 661
• 648
Disclaimer - I am not sebi registered analyst so do your own research before investing , i can be 100 % wrong.
