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Laurus Labs Ltd.Laurus Labs Ltd.Laurus Labs Ltd.

Laurus Labs Ltd.

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Swing Buy opportunity in Laurus LabsEntry: 389 Target: 417 SL: 378 NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:LAURUSLABSLong
by rkinspiro1
1
LAURUSLABS : Closed the position at a small lossI initiated my position in the stock on November 17th, 2022. Subsequently, I added to the position on December 2nd and December 20th of the same year. With these additions, the total position accounted for about 2.5% of my capital. However, the market crash persisted, leading me to close the position for tax loss harvesting on March 31st, 2023, at around 296.30. I then re-entered on April 25th at 295.80, a price lower than my exit point. Now, I'm selling it off at 398.91, which is 5.88% lower than the average holding value. This trade results in a loss of 5.88%, despite holding the position for approximately 9 months. Nonetheless, this entire experience provided valuable insights, and I successfully executed tax loss harvesting, making the loss worthwhile. Currently, I don't plan to re-enter this particular stock in the near future, unless I develop a clear conviction regarding its growth prospects at a more favorable valuation. During this time, I intend to utilize the capital to engage in better opportunities that I have stronger confidence in, as they arise.
NSE:LAURUSLABS
by Sniper-Traders