LAURUSLABS trade ideas
LAURA LABS, rocket is ready for launch.LAURA LABS Breakout from here. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
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Laurus Labs - Breakout with a resistance!The chart is self-explanatory as always :)
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LAURUS LAB - HISTORY REPEATHELLO EVERYONE,
I am here with a new powerpack price action that we can see in LAURUS LABS.
KEY POINTS
-- The stock is continuously following the pattern of HIGHER HIGH and HIGHER LOWS Giving a look of RALLY and PULLBACK.
-- Now the stock is again looking for RALLY i.e HIGHER HIGH.
-- Stock has given a small breakout of downward sloping Trendline.
-- stock might give close above 50 EMA (in daily TF) today which will help this stock move upward.
-- There seems increasing volume in this stock.
Exceptional key point-
--Its a fundamentally good company and it has purchased some building and machinery in last quarter, This might helps to give good results in upcoming quarters.
Trade Plan
-- One can enter at Current Market Price as it is above 50 EMA
-- Targets will be 450-465-480
-- Stop Loss will be at 419 (previous swing low)
Disclaimer
I am not SEBI REGISTERED. consult your financial advisor before any kind of investment. I am not responsible for any kind of your profits and losses.
Thank you
KARANN DINGRA
Sell Laurus Labs cmp 431 target 380 stop 455Technically 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.
Lauruslabs | Laurus Labs long term viewLauruslabs | Laurus Labs long term view
Technicals Growth Rate is Good in Daily/weekly and for 2weeks
Volume growth is good in monthly while growth rate need to imporve for just 2 points..
Price - closing and opening above 470 can send it to 550/600 and 715-882 further post retesting the support levels..
Pennant on LAURSLABSLAURSLABS formed a Pennant on weekly chart. Price had a good runup prior to formation of pattern with high volume. It also had low volume upon formation of Pennant (i.e. during consolidation). Breakout has happened with above average volume as well. Entry is just above today's high with stop loss just below today's low. This setup has an ideal risk reward ratio. A typical text book setup.
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