#LAURUSLABS - Potential Stage 1 Breakout 📊 Script: LAURUSLABS
Key highlights: 💡⚡
📈 C&H formation in weekly chart.
📈 Price gave a good up move
📈 Went Side Ways, wait for more consolidation near Resistance
📈 Volume spike must be seen on BO
📈 MACD Bounce
📈 One can go for Swing Trade.
BUY ONLY ABOVE NA DCB
⏱️ C.M.P 📑💰- 602
🟢 Target 🎯🏆 – NA%
⚠️ Stoploss ☠️🚫 – NA%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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LAURUSLABS trade ideas
Laurus Labs cmp 636.80 by Weekly Chart viewLaurus Labs cmp 636.80 by Weekly Chart view
- Support Zone at 532 to 556 Price Band
- Resistance Zone at 616 to 642 Price Band
- Falling Resistance Trendline Breakout seems sustained
- Rising Support Trendline been traversed by the Stock Price
- Volumes seem going well in sync along the average traded quantity
- Positive trends seen for the Technical Indicators like EMA, MACD, RSI
- Weekly Support at 565 > 500 > 425 with Resistance at 684 > ATH 723.75
- Repeat Bullish Rounding Bottoms with longest been close to 2 1/2 years with Resistance Zone neckline
[High Risk] Laurus Lab - Real breakout or fakeout? What's cookin Laurus Lab - Real breakout or fakeout? What's cooking?
Fundamentals
MCAP- 31000 Cr
PE - 242 > Industry PE of 34.51, Extremely expensive
PEG Ratio is 21.31
Debt to Equity is 0.67 and ICR is 1.9
ROE is 4%, ROCE is 6.6% ( 5yr ROCE is 21%)
Sales growth is -5%, 5yr Sales growth is 17%
Profit Growth is -65%, 5yr Profit growth is 11%
Promoter holding is 27% , constant in last one year
FII Holding has gone up steadily in past few quarters
DII holding on uptrend , however has reduced slightly in last quarter
Latest results - Poor results for past few quarters and hence risky preposition
Technicals
CMP - 586
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 67
Nearly overbought
Commentary
As seen in the charts , the stock has been trading in the parallel channel since mid 2023. Recently it has broken out of this parallel channel with steady volumes near 520-530 range
The stock has to move above the multi year resistance at 600-625 range to touch ATH of 720
Target :
T1 : 600>625>720
Timeframe : 3-6 months
Risks : Poor results in the last few quarters. Have a strict stop loss as per your risk appetite.
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Laurruslabs - Potential Breakout Opportunity🚀 Laurruslabs - Potential Breakout Opportunity
🔑 Early Entry: ₹627.5
💥 ATH Level: ₹725
📊 Positioning & Strategy:
💰 Entry Point: ₹627.5
⚠️ Stop Loss (SL): ₹498 (20.9% downside risk)
🎯 Target 1: ₹725 (15% upside potential)
📈 Positional Target 1: ₹829 (~32% upside from entry)
🌟 Long-term Target: ₹999 (~59% upside from entry)
📍 Key Levels & Action Plan:
Laurruslabs has been in an upward trajectory since April 2023 📈.
It consistently takes support near the 200 DMA, signaling strength in its trend 🔄.
27 Jan 2025 saw a red candle with huge volume 📉, but the stock quickly bounced back 🚀.
The ATH level at ₹725 is key 🔑. A breakout above ₹725 would confirm a 3.5-year resistance breakout and All-Time High.
💡 Action Strategy:
For Safe Traders:
📉 Book partial profits at ₹725 and trail SL to lock in gains 📊.
For Risk-Tolerant Traders:
👀 Watch for a breakout above ₹725. If confirmed with 3-5X volume 📈 and a clean breakout candle, consider adding more 🚀.
🔢 Risk-to-Reward (RR) Calculations:
From Early Entry to Target 1 (₹725):
Upside: ₹725 - ₹627.5 = ₹97.5 (15% upside) 📈
Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️
Risk-to-Reward Ratio (R:R): 1:0.72 (Risk is higher than reward here, so position sizing is key 🧑💼)
From Early Entry to Positional Target (₹829):
Upside: ₹829 - ₹627.5 = ₹201.5 (32% upside) 📈
Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️
Risk-to-Reward Ratio (R:R): 1:1.56 (Better reward for the risk taken ✅)
From Early Entry to Long-Term Target (₹999):
Upside: ₹999 - ₹627.5 = ₹371.5 (59% upside) 📈
Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️
Risk-to-Reward Ratio (R:R): 1:2.87 (Excellent reward for the risk taken 🎯)
⚠️ Risks Involved:
📉 Market Conditions: The overall market is in a LH LL structure, so we are trading against the trend 📊, which adds extra risk 🔥.
🔥 27 Jan 2025 Candle: The red candle with high volume is concerning, but no follow-through happened 📉. The stock bounced back quickly, which we can consider as a shake-out 🌪️.
📏 Position Sizing: Due to the deep stop-loss (20.9%), position sizing is crucial to manage risk effectively ⚖️.
"The stock market is a device for transferring money from the impatient to the patient." — Warren Buffett
💬 Disclaimer:
This analysis is educational and not financial advice. Always do your own research 📚 and consult a professional advisor 💼 before making any trading decisions. Stock market investments are risky, and past performance doesn't guarantee future returns 💡.
Laurus Labs Date 28.01.2025
Laurus Labs
Timeframe : Weekly Chart
Remarks :
1 Currently at 50% of Fibonacci retracement
2 Head & Shoulder at top of the trend & its neckline + Support & resistance band = 615
3 Descending triangle neckline + Support base + 61.8% retracement of Fibonacci = 497
4 Currently at RSI mean reversion + 50% retracement, may have 2%-4% pull back
Regards,
Ankur
Laurus Labs possible 35% upsideLaurus Labs long position for 35% upside
- Laurus Labs Making cup and handle pattern at weekly chart
- 35% upside target
- buy 450
Disclaimer:-
Investments in securities are subject to market risk.
Everything I discuss here is for educational purpose.
I am sharing my personal view as a trader / investor.
Please consult your financial advisor before taking any decision.
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 🎇
Laurus LabsThe chart of Laurus Labs Limited displays a classic flag pattern, characterized by a strong upward move (flagpole) followed by a consolidation phase (flag). The breakout appears to have occurred around the INR 570 level, marking a potential entry point. To determine profit-taking levels, the length of the flagpole (approximately INR 250) can be added to the breakout point, resulting in a target of around INR 820. For risk management, a stop-loss should be placed below the lower boundary of the flag or recent swing low, near INR 520. Traders could consider entering at the breakout level or on a retest near INR 560–570, with a clear exit strategy to maximize gains and minimize risks.
Laurus LabsLaurus Labs is in a strong bullish trend, trading within a rising channel. It is near ₹570-₹580 resistance, with RSI at 76 signaling overbought conditions and a potential pullback. Support lies at ₹500-₹480, where buying opportunities may arise. MACD confirms bullish momentum, and increasing volumes support the uptrend. Watch for a breakout above ₹580 for further upside or a correction toward support for better entries.
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).
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.
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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.
Laurus Lab: Looking good on charts from Medium term perspectiveLaurus Lab
The chart suggests 430-455 acting as support
Once above 480 levels, the stock can look to test 558 / 604 odd levels
Take care & safe trading
Disclaimer
- The view is my personal view
- Do your own research and consult your financial adviser before taking any financial decision
Laurus Lab breakout of trendlineLaurus Lab done abc correction and break out of trendline
giving Positive momentum with good volume.
Currently trading in upside moving channel..
looking good potential for upside for 600-700 targets in short term.
Disclaimer : study is for educational purpose. I am not SEBI registered.