LAURUSLABS trade ideas
Laurus Labs cmp 489 by Weekly Chart viewLaurus Labs cmp 489 by Weekly Chart view
- Support Zone at 445 to 460 Price Band
- Volumes are increasing week after week
- Price sustaining over the Rising Support Trendline
- Price sustaining above the Falling Resistance Trendline
- Weekly basis : Support at 415 > 365 > 306 with Resistance at 530 > 589 > 660 > ATH 723.75
- *Bullish Cup & Handle formed with price closure above Support Zone and needs to sustain for breakout to continue*
LAURUS LABS- Rounding bottom with low volumesClear rounding bottom with low volumes.
Targets(T1, T2, T3, T4 & T5) mentioned along with expected time frames. Stop loss marked as SL. Can achieve better targets, should carry trailing stop loss once in good gains. Also keep tracking quarterly results to monitor performance.
Disclaimer: No recommendation
LAURUS LAB 1DSWING TRADE
- EARN WITH ME DAILY 10K-20K –
LAURUS LAB Looking good for Downside..
When it break level 463.30 and sustain.. it will go Downside...
SELL @ 463.30
Target
1st 454.95
2ND 448.10
FUTURE AND OPTION
LAURUS LAB JUL FUT – LOT 6 (Qty-10200)
LAURUS LAB JUL 485 PE – LOT 6 (Qty-10200) – PRICE (23.85)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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Laurus Labs and Fine Organic - Reversal Breakout Alert!
In the past, the stock found strong support around the 450 level, but when the price dropped below this support zone, it experienced a significant decline.
The stock started to move upwards within a parallel channel after finding support around the 290 level.
A recent bullish candle allowed the price to break through its trendline resistance with strong volume support.
The stock also broke through the upper Bollinger Band and has been able to sustain its position above it.
With the price showing strong upward momentum, there is potential for an upward movement from the current level.
The stock price reached an all-time high of nearly 7,330 before dropping sharply to around 4,100.
After the decline, the price entered a consolidation phase and traded in a Box pattern.
A breakout has occurred recently, with the stock surpassing its previous range and trying to maintain its position.
The rising volume suggests the possibility of an upward movement from the current level.
Amazing breakout on Weekly / Daily Timeframe - LAURUSLABSCheckout an amazing breakout happened in the stock in Weekly timeframe. Wait for weekly close above the breakout level.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
Technical Analysis for Laurus Labs:Chart Pattern: Breakout of Supply Zone
Volume: Good volumes with a bullish candle closing
Trendline: Breakout of trendline as well
Entry Strategy: Buy at Current Market Price (CMP) ₹477
Stop Loss (SL): ₹410 for risk management
Target: ₹711
Trade Duration: Swing Trade for 3-6 months
SWING TRADE OPPORTUNITY IN LAURUS LABSRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Another diagnostic stock ready for reversal!This has been on my radar for months but it never gave a convincing breakout. A strong weekly candle closing today may lead to the awaited breakout and further upmove in the counter. NSE:LAURUSLABS is running strong with trendline support and ready to break above and sustain 450 levels. Have already posted NSE:LALPATHLAB from the same sector.
ready for a new rally?Entry into Agro chemicals and Animal health contract manufacturing
Signed first Agrochem manufacturing contract in Q1 FY24.
Dedicated Animal Health manufacturing unit inaugurated and expect to initiate commercial scale validations from Oct’23
LAURUSLABS casually chilling near a potential breakout level
also at a long term trendline support
looks nice above 465-470