Laurus Lab is in uptrend but correction till 375 -370 possible. Lauras lab is in uptrend at this point of time correction till 375-370 is possible. Exit will be weekly close below 370. Also, one should check weekly close on Friday after 3 PM when weekly candle is about to complete. After correction next target is 442.
LAURUSLABS trade ideas
LAURAS LAB - Buying Opportunity After giving sell call between 460 to 490 in December 2022...Now looks like Buying is emerging and stock has potentially bottomed out.
Rounding bottom seems to be in progress now with weekly MACD giving buy signal and daily chart is now moving above short term moving averages...
Buy once closes above 310 with closing basis Stoploss of 280 for medium term target of 450 600 by year end...
Laurus Labs - Swing trade for 10 to 20% upmove.1) Monthly is reversing from major bottom. 61.8% Fibonacci Retracement of the Previous swing.
2) Weekly has just got into an uptrend with 200 EMA close above weekly candle.
3) Daily is also in an uptrend.
Looks good for a target of 440-450, the demand and supply zones are marked, demand zones are good to buy prices and Supply zones are good to sell prices.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Laurus Labs LTd.Laurus Labs Ltd. is in making of rounding bottom (or cup&handle pattern), already crossed 200EMA. Volume is good and RSI is also in positive mood. lets see what happens next. The content provided is for educational and informational purposes only.
PS: It increased during the time I wrote this idea.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Channel
📌 Symbol/Asset: LAURUS LAB
🔍 Description: Moment Stock with Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Review and Trading plan for 20th Aprilifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
OPENING RANGE BREAKOKUT -