LAURUSLABS had fallen down much in the past. A few weeks back it had engulfed the Down-trend Line, which is a signal for an Up-Trend to start.A curious U-shaped recovery can be observed in this chart. Overall we have a Trap Zone and the price is consolidating over it, hence my expectation is it should Go Up.
A Long Term Target of 449.05 is quite possible. This would be a 25.85% Return on Investment and a Reward to Risk of 3.61 in the monthly chart.
Note
2:1 RR achieved but should be held for Full target.Trade closed: target reached
Atlast Target has been achieved...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.