Laurus Lab: Will it recover it's lost groundLaurus Lab
On weekly charts, if stock manages to close and sustain above 375-380 odd levels then odd of Laurus Labs moving up to 458-466 levels could get stronger.
Take care & safe trading...!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
LAURUSLABS trade ideas
LL breaks downtrend Laurus Labs looks bullish
1. Break of downward trendline
2. Break of Resistance zone on strong volume
3. Strong bullish candles which
are validated by volume
4. Weak bearish candles and low
volume pullbacks
5. Trend line and Support Retest
This is a riskier trade and hence I would advice a position sizing method that will minimise risk and maximise reward.
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct.
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
NOTE: Nifty Pharma has also just broken out and made a similar pullback.
Target: T1 and T2
Stop loss: 323.05
POSSIBLE BREAKOUT OF LAURUSLABS AFTER CUP & HANDLE Possible buy opportunity coming up in Lauruslabs counter (Breakout not yet confirmed, but looks promising)
Cup & Handle pattern formed.
Reversal confirmed from long term down trend from a base of 290.
I also think that the consolidation flag at the resistance line of C&H pattern, today' volume increased the conviction in the idea.
Buy above - 340.25
Stoploss on daily closing basis - 309.50
Target 1- 380 <note that Risk Reward at T1 is not attractive, but likelihood of T2 and T3 is high and T1 to be used a trailing stop loss
Target 2: 425
Target 3: 450
Note: I am not a professional Trader / Investment expert or Advisor. Treat this as an idea for your independent analysis & judgement before any actions.
LAURUSLABS - Swing Trade || 18th June, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea for the upcoming week and the following days
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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High Potential Long Trade Opportunity for 2X ReturnSubject: High Potential Long Trade Opportunity for 2X Return
Hello Friend's
I hope this message finds you well. I am reaching out to share an exciting long-trade opportunity that has the potential to yield a substantial return on investment.
After careful analysis and extensive research, I have identified a stock that exhibits strong growth prospects, solid fundamentals, and positive market sentiment. Based on my analysis, this stock has the potential to provide a 3X return on investment within a reasonable time frame.
Here are some key reasons why I believe this trade is worth considering: Stock showing bottoming out on this level as per charts and RSI is moving on above 40 and volume is above 20 DMA on the Weekly chart
1. Positive Industry Trends: The stock is part of an industry that is experiencing significant growth due to emerging technologies, changing consumer preferences, or favorable market conditions. These factors create a favorable environment for the company's growth and profitability.
2. Strong Financial Performance: The company has demonstrated consistent revenue growth, solid earnings, and a healthy balance sheet. Their financial stability and positive cash flow position them well for future growth and expansion.
3. Competitive Advantage: The company possesses a unique competitive advantage, such as proprietary technology, a strong brand presence, or a differentiated product/service offering. This advantage strengthens their market position and increases their potential for long-term success.
4. Favorable Market Sentiment: The stock has attracted positive attention from analysts, institutional investors, and market experts. This increased interest indicates confidence in the company's future prospects and can contribute to a significant upward price movement.
Please note that investing in the stock market carries inherent risks, and past performance is not indicative of future results. Conducting your own research and consulting with a qualified financial advisor before making any investment decisions is crucial.
If you want to learn more about this long trade opportunity, I would be happy to provide a detailed analysis, including supporting data and market trends. Together, we can assess the risks and potential rewards associated with this investment, enabling you to make an informed decision.
Please let me know if you want to proceed or have any questions. I am here to assist you throughout the process.
Best regards,
Ramu Maurya
LAURUS LABS - 100% RETURNS!!!BUY - LAURUS LABS LTD
CMP - Rs. 330
Target - 1: Rs. 465
Target - 2: Rs. 532
Target - 3: Rs. 657
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The chart is self-explanatory, the targets have been set according to supply-demand zones and potential break out of the triangle pattern.
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This is just a view by an expert analyst, please invest at your own risk.
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