LAURUSLABSEXPECTING UPSIDE MOVEMENT IN LARUS LAB. AS per Elliot wave, now it completed 3rd wave downside and expecting to move against trend that is upside. intermediate trend is upside.
Trade ideas
Laurus Labs longLaurus Labs around the bottom. time to accumulate this share. Stop loss below red region mentioned in the chart.
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 -
LAURUSLABS Breakout from Consolidation zone and closingStrong Breakout from Consolidation zone and closing above UBB shows the continuation of up move.
LAURAS LABSLaurus Labs is a fully integrated pharmaceutical and biotechnology company, with a leadership position in Active Pharmaceutical Ingredients (APIs) in selected high-growth therapeutic areas and a major focus on anti-retroviral, Hepatitis C, and oncology drugs
with SL at 330 , one can go for target mentioned in chart
Market Cap
₹ 20,407 Cr.
Stock P/E
25.8
Book Value
₹ 70.5
Dividend Yield
0.53 %
ROCE
23.4 %
ROE
24.6 %
Face Value
₹ 2.00
Promoter holding
27.3 %
EPS last year
₹ 14.0
EPS latest quarter
₹ 4.23
Debt
₹ 1,925 Cr.
Pledged percentage
0.04 %
Net CF
₹ 1.55 Cr.
Price to Cash Flow
24.8
Free Cash Flow
₹ 61.6 Cr.
Debt to equity
0.51
Volume
1,195,742
OPM last year
27.3 %
OPM 5Year
25.0 %
Reserves
₹ 3,679 Cr.
Price to book value
5.38
Int Coverage
10.3
PEG Ratio
0.85
Trend Analysis for LauruslabsTrade Plan A: Short @373.90 once breaks support and retests with red candle.
SL 431.30
TP 312.70
TP2 open
Trade Plan B: Long @ 392.55
TP 1 =419.5
TP 2 =446.40
SL =367.60
If the trendline breaks upwards and retests with green candle
How to find technically weak stock? #TechnicalAnalysisQ - How to find technically weak stocks?
A - Today we will do a technical analysis of identifying technically weak stock.
Example - Laurus Labs
Considerations - This analysis will require higher timeframe as it requires vision from a long term perspective
* Laurus had a dream run, it became a star studded portfolio stock during its dream run
*1st sign: where you should have booked your profit is RSI - 94 Peak
* 2nd sign: the next rise couldn't go past previous high
* 3rd sign: the next pullback again couldn't get past its 2nd lower high formation
When all the above scenario happens with lower strength in RSI then look out for the next biggest accumulation support i.e - 377-330 on monthly level
377-330 good past accumulation happened, mostly it will get support around these levels. It will take some good amount of time to go past its previous glory(to discussed some other time)
Laurus Lab short at 454
stop-loss - 462
target - 430
462 support break
and consolidate at 462to444 level
RSI is also looking weak 35
LAURASLABS Best Positional Entry Idea My best positional entry on NSE:LAURUSLABS only, if price retest level of 403. Then we can take entry at 403 with stop loss of 370 (-33 Points)
My expected up side target would be 450 & 470 (+67 Points). This could be low risk and high reward option.
Note: This is my personal analysis, only for learning. Thanks.
laurus labtrendline resistance turned support then turned into resistance now it has turned into support, sl is put at breakeven letting it ride now that equity is protected
qrstuvwxyz harmonic pattern in place
Support Lauraus labs : heavily corrected from a higher level. Can take support near 380,350, targets will be 500, 550, 650
Laurus Lab Trading Strategy for Next Few WeeksDear 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 trading skills and please do consult your financial advisor before trading.
Laurus Lab stock structure is very weak. Retail traders should stay away, avoid buying and focus on sell on rise opportunities only. Right now, stock is oversold. Whenever it bounces back to near resistance zone then only based on good quality trade up decide on next action. Please remember trand is your friend therefore never ignore it.
If someone is stuck in this stock. Utilize the bounces to exit once for all and invest in only top quality stocks to protect & grow your hard earn money. Please seek expert advice before trading.
Good luck friends.
Laurus Labs On Multiple SupportLaurus is at a major support level and already bounce back from this point in the past, Good for a swing trade, Avoid it breaking the rectangle line.
Double Bottom Appeared in LAURUSLABS Double Bottom Appeared in LAURUSLAB if you want to take trade then watch the volume. If the volume is more than average than take it.if you take it then the Target is at 129.7 Stoploss at 457.7 and Entry at 478.5
LAURUS LABS LAURUS LAB - The DEEP CRAB harmonic pattern activates a medium-term trade here.
Conservative traders can wait for a breakout above point B. Risky traders can enter at current price with a SL of Point C.
long lauruslabswe are long Laurus labs above 532 maintain stoploss below 500 long term target-620-720
time frame 5 month
trendline breakout done and above our buy level we can see good upside move
risk of 30 points
rewards - 90 on 1st target and on 2nd target 190 points
Buy With Proper StoplossKeep Proper stoploss and follow the trading rules which you have decided to follow while your journey.
LAURUSLABSLaurus labs is forming a triangle pattern in the weekly chart. I think it is in the 2nd wave.
LAURUSLAB READY FIRELauruslab pattern looks for blasting
educational levels marked for intraday.
Looks for for positional trade also
