Short

Sell Laurus Labs cmp 431 target 380 stop 455

Updated

Technically this stock has bearish structure on a hourly chart indicating weakness and fall to come in coming days. Fundamentally the recent quarters were extremely bad and it can easily correct to 380 levels. Big people seems to be distributing stocks on a higher levels, whenever demand become weak, the stock can easily correct 5% plus in a single trading session. So strongly recommend to aggressively short this stock and wait for big fall.

Trade closed: stop reached

It triggered our stop price of 455 and made a high near 460 and reversed to 430. The position is now closed and we will think to short once it goes below 430 spot.

PrashantDahale

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