Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
LAURUS - BUY / HOLD
Reversal seen today - :) happy trading we will be able to see a good uptrend starting tomorrow onwards.
RSI - still at 33.26 -
But as seen below it has already hit its lows and now we will get to see an uptrend
1st Target - 620
2nd Target - 650
We would be able to see 700 -750 levels by Mid of Oct :)
Kindly like and Follow for free tips :)
Laurus Labs - Great Buy for Long term will not get it at these levels again :)
You would see great returns in 8 - 12 months
It has just given a Bounce back towards an uptrend now.
Green line - 50 Day MA - its still below that but it would go up in no time :)
Red line is the - 200 day MA
RSI - 41 - Towards an uptrend
Every indicator is showing a downward direction. It's time to exit from this stock. Price is struggling to cross the parallel zone. And the MACD is about to cross into -ve. RSI is downwards and for Stochastic RSI, the crossover is happening
let me know your thoughts in the comments section.
LAURUS lab weekly long 268 strict sL : 248
Pro:
1.Strong up trend
2.weekly demand coincind in daily
3.origin of weekly demand
risk:
dropping from top, so may go down drastically
