LAURUSLABS formed a MORNING STAR pattern with good volume might be a good buy.
Sell below 1370 TGT 1365-1360-1355 SL 1385
Laurus Labs - 1408 - Short for the next few sessions
Another strong trending stock made a fresh High. Buy with 1160 price below OR 120rs below entry as SL
Sell below 1162 TGT 1158-1155-1150 SL 1178
A very positive opening for the stock of Laurus labs. It has rallied past the prior high (₹1,155.9) and registered a fresh all-time high today. The stock is riding on a significant upside momentum and the fresh breakout will only make the case stronger for the bulls. So, declines can be used as an opportunity to go long in the scrip.
Gap will be closed in some time. For now there is strength in the stock, till now there is no profit booking seen from a long time. The next big target is 1125 if we don't see the profit booking in upcoming days. Remember we will see the attempt to close this gap in some time. Volume divergence is also sen which is not good for long term. The only problem for 1125...
Doubled from recent bottom and no sign of weakness! By October it may cross 1000 and by the year end 1200, I hope.
My wave analysis suggest that a good buy is coming soon.. Check out the chart. IF you like my charting, please LIKE. Thank you. Happy Trading.
Lauras Labs are looking at a possible retracement. Since the post lockdown rally the stock has retraced around 50% both the times. The first bullish wave stood for 21 sessions and the second wave for 25 sessions. For the third wave, 19 sessions rare done. Today it made a Doji Candlestick pattern. Wait for consirmation to check for retracement
Price contracted and breakout expected. Long above yesterday's high. Short below yesterday's low.
NSE:LAURUSLABS Laurus Labs declared fantastic results on Thursday. Buy Laurus Labs on dips at 470 and 430. They both are strong supports. Target is 640.
Laurus Lab looks positive.
If the level of 321.5 is broken and the price closes below it on weekly charts then the target of the H&S is 231.