LAURUSLABS trade ideas
Perfect Entry - Laurus LabsThe stock was on a bull run after which its consolidating for quiet sometime now. In the consolidation, it has now touched the lower trend line which is a perfect entry for long. SL would be very very less and thats below the lower trend line. Target would be trailing SL after 1:2 RR till upper TL.
#SwingDescending traingle with bullish harami candlestick pattern.
@It cab go up or down
#Breakout
@ DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
LAURUSLABSLAURUSLABS:- Strong Long term support. if support break go for short
Keep on Radar
its a very good fundamental company
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
LAURUSLABS, best pharmaceutical stock to buy for long term.Hello traders,
been a long time since I had posted any ideas, was busy.
will be posting few good ideas here for positional/long term.
As we all must know about LAURUSLABS, its a very good fundamental company.
but since around 6-7 months, we haven't seen a good move in this.
as overvalued stocks need to cool down somehow, and rally can't continue further,
somewhere dip has to come.
it has been consolidating around this support for a long time, and its finally at the support zone.
its a good chance to buy this stock and pharmaceutical sector is going pretty good.
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
keep learning and keep earning.
Laurus Lab: Important Support and Resistance levelsLaurus Lab
we are looking at weekly chart of Laurus Lab Ltd
the zone of 436-463 has seen buying interest on previous occasions
Target 1 for the current set up comes to around 583-604 zone
Target 2 - 700-720 odd levels
Time frame 2-3 years
A word of caution: Below 435 next important support is around 340-370 zone. So plan your trade accordingly...!!!
This is from Positional point of view for Longer time horizon
Take care & safe trading...!!!
Like and follow for more ideas like these
Lauras LabLauras Lab is at the juncture either to reverse or to break down...On previous occasions, it bounced back from the same support area. Let's see what's in store this time around?!!!
When for the first time, it bounced back, the bullish engulfing candle was formed...
for the second time, too...
for the third time, the bullish harami candle was formed.
Now, await...
SWING TRADE - LAURUS LABS LTD NSE:LAURUSLABS
* Laurus labs
Laurus labs have been consolidating on an hourly chart for some time now and it has given a strong breakout of the resistance line with good volume.
now it's facing a horizontal resistance at 335 zone.
It's a good buy at CMP and you can add more qty at 335 if it sustains that zone and closes above it.
its showing multiple confirmations like:
1. double bottom neckline break
2. Volume spike up
3. strong breakout
keep a stop loss of 10-15% for the projected target.
You can trade in intradaday to if it breaks 334.
please like and comment if you like the analysis.
keep learning,
happy trading.
Laurus Labs - Market over reactionWith markets badly reacting to its result if the breakdown continues the stock could test 445 kind of levels.
There was a convergence of moving averages which could result in a sharp move on either side.
If you own the stock be cautious if the move continues downwards.
Laurus Lab: A sneak peak before FY22-23 Q2 ResultThere are two ways one can see the NSE:LAURUSLABS counter:
It has created a W pattern and the neck line is at 530-532 level.
An inverted Head&Shoulder patten is created with neck at 510 level.
So potentially if it stays above 532, can be go Long with the SL of today's Low 517.
But if it fails to sustain above 530 level, it will simply fall upto 510 level.