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
Double Bottom Breakout --> Target Achieved. It starts consolidating, forming a flag pattern. The volume has dried up and has showed a spike in volumes yesterday i.e. 18.07.2020. Breakout possible on charts could give nice return.
Long with target of 220. The price movement has reversed after retracing 62%.
Important support zone + Fibonacci Retracement level of 61.8 The RSI is also above 50 and there is also volume spike for the previous two days
Possible reversal. Wait until tomorrow to be sure and look at the volumes too.
If it breakouts of the ascending pattern and Volatility Contraction Pattern.