LAURUS LABS LTDLong
LAURUS LAB - HISTORY REPEAT
HELLO 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
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
Related publications
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.