CMP: ₹667.35
Breakout Level: ₹657–660 (now turned support)
Support Zones: ₹657, ₹618
Resistance Levels (next targets): ₹705–710, ₹735
Indicators:
Supertrend: ✅ Bullish
TEMA 5-9-20: ✅ Trending up
Volume/Price Action: Strong bullish candle post consolidation
📈 Technical View (Positional)
Laurus Labs has broken out above ₹657 resistance with strong momentum, closing near day’s high.
The chart shows a previous consolidation box (highlighted) followed by trend continuation—classic breakout setup.
Positional structure is bullish, with price holding above key moving averages.
🚀 Positional Targets:
Target 1: ₹705
Target 2: ₹735
SL (Closing Basis): ₹638
Breakout Level: ₹657–660 (now turned support)
Support Zones: ₹657, ₹618
Resistance Levels (next targets): ₹705–710, ₹735
Indicators:
Supertrend: ✅ Bullish
TEMA 5-9-20: ✅ Trending up
Volume/Price Action: Strong bullish candle post consolidation
📈 Technical View (Positional)
Laurus Labs has broken out above ₹657 resistance with strong momentum, closing near day’s high.
The chart shows a previous consolidation box (highlighted) followed by trend continuation—classic breakout setup.
Positional structure is bullish, with price holding above key moving averages.
🚀 Positional Targets:
Target 1: ₹705
Target 2: ₹735
SL (Closing Basis): ₹638
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.
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.