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
Laurus Lab -Short term / Safe trader & long term Laurus Labs -
Long term & Short term suggestions
Alerts:
RSI - Daily Charts - downtrend 32
MACD - Down trend
Short term / Safe Traders
As i have given Enter only once its cross the GREEN line - 50 Day Moving Average -
Buy only once it goes Above 668 Levels for a stable uptrend.
Long term
can buy on Dips as its in a down trend
But once its cross the RED line 200 Day Moving average dont buy - thats the final support
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LAURUS LABS - Next step?LAURUS LABS - One of my Fav. Stocks :)
Has been underperforming for a while
Pros
Currently MACD is strong uptrend
RSI - 56 which is Good
Right time to buy on Dips if available
Cons
Just Below the 50 Day Moving Average - The Green line as shown
Suggestions
Enter once it crosses the 50 Moving Average around 660 - 678 levels
would be the right levels to enter and we would be able to see 750 levels.
The Stock is in my portfolio and suggest to HOLD for a long term for great Returns
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Do let me know incase you want me to post about any other stock in particular
Happy trading :)
Laurus Labs - BUY / HOLDLAURUS - BUY / HOLD
Reversal seen today - :) happy trading we will be able to see a good uptrend starting tomorrow onwards.
RSI - still at 33.26 -
But as seen below it has already hit its lows and now we will get to see an uptrend
1st Target - 620
2nd Target - 650
We would be able to see 700 -750 levels by Mid of Oct :)
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Laurus Labs - Long term - Don't Miss :)Laurus Labs - Great Buy for Long term will not get it at these levels again :)
You would see great returns in 8 - 12 months
It has just given a Bounce back towards an uptrend now.
Green line - 50 Day MA - its still below that but it would go up in no time :)
Red line is the - 200 day MA
RSI - 41 - Towards an uptrend
SELL SELL SELL!!!Every indicator is showing a downward direction. It's time to exit from this stock. Price is struggling to cross the parallel zone. And the MACD is about to cross into -ve. RSI is downwards and for Stochastic RSI, the crossover is happening
let me know your thoughts in the comments section.
LAURUS LABS - AttractiveBasically expecting a breakout and a good rally upwards. Buy only above 1155
However, Nifty will be facing a strong resistance this week which is why there "may be" a pull back.
If Nifty retraces and begins a fresh correction then keep an approp stop loss based on your risk appetite.
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