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.
LAURUSLABS trade ideas
LAURUS LAB - BullishLAURUS LAB - Bullish
1. Have strong support at 450, If it breaks 450 very tough to recover.
2. If the market trend reverses the 1st target will be 530.
3. If 530 trend breaks out the next target will be 620.
4. If 620 target breaks and opens and close above the primary trendline... the stock will fly to 900.
Note:
1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
Mid-cap Pharma Company might get a booster dose.Mid-cap Pharma Company might get a booster dose?
The 31,177.59 Cr. worth mid-cap Pharma company, Laurus Labs Ltd. gave a massive 96% CAGR (3yrs.) in the past. The share price of the company made a high of Rs. 723.55 after which it saw a downturn is now giving signals of its trend reversal to Bullish. The share price of the company made an 'inverted Head and Shoulders' pattern which is a bullish trend reversal pattern. Also, the share price might also see a 50 & 100 EMA crossover in the next 1-3 trading session which again makes it a positive for traders & investors. In clear words, the target for the share is 665 - 685, with a mid-term view of 2- 12 weeks. The stock might retest the level of 550 - 560 (precisely Rs. 555) which would also make it the ultimate support.
Also, please consult your financial advisor before entering into any trade. This piece of knowledge is shared only for educational purposes. Thank You & keep learning!
LAURUSLABS LONG Lauras labs re-testing the resistance.
A good trade to enter if it bounces back from this level. Easy 1:3 R:R.
NOTE :- ONLY GOOD TO ENTER IF IT MAKES A BULLISH CANDLE ON MONDAY.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
LAURUSLABS gives a breakout and retested. Aim for 5-10%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
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