LAURUS LABS MIGHT MOVE FURTHER UP Laurus labs might give a possible up move with a decent stoploss and good Targets
ENTRY - 394
STOPLOSS - btw 384-386
TARGETS - 405, 415, 420++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
LAURUSLABS trade ideas
Laurus labs up move possible Laurus labs might give a possible up move.
(Little bit risky but worth it with small STOPLOSS)
Entry - above 393.5
STOPLOSS - 388.5
Targets - 400, 405, 410++
NOTE - If any trade or value that's gone from the marked levels then that's not our trade just let it go.
I'm not sebi registered this is my personal view.
Broadening Wedge pattern breakout in LAURUSLABSLAURUS LABS LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Broadening Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 465+.
✅Can Go Long in this stock by placing a stop loss below 385-.
Laurus Labs LtdSTOPOLOSS AND TARGET IN CHART
HOLD - EXISTING HOLDERS WITH SL
FOR NEW ENTRANTS - WAIT FOR TURNAROUND IN RESULTS
FUNDAMENTALS
Market Cap
₹ 20,918 Cr.
Current Price
₹ 388
High / Low
₹ 418 / 279
Stock P/E
57.9
Book Value
₹ 75.2
Dividend Yield
0.52 %
ROCE
22.2 %
ROE
20.4 %
Face Value
₹ 2.00
Promoter holding
27.2 %
EPS last year
₹ 14.1
EPS latest quarter
₹ 0.87
Debt
₹ 1,808 Cr.
Pledged percentage
0.04 %
Net CF
₹ -38.9 Cr.
Price to Cash Flow
23.7
Free Cash Flow
₹ 141 Cr.
Debt to equity
0.45
OPM last year
25.7 %
OPM 5Year
25.6 %
Reserves
₹ 3,945 Cr.
Price to book value
5.16
Int Coverage
4.22
PEG Ratio
1.68
Price to Sales
4.15
Sales growth 3Years
27.3 %
Profit Var 3Yrs
41.6 %
Swing Trade Opportunity in $NSE:LAURUSLABS
I hope this message finds you well. I wanted to share my swing trade view on NSE:LAURUSLABS with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Holding Time Frame: 90 Days
Entry Point: 368-372
Stop Loss Point : 348
Target Point: 400,420,440
Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Date 22-Nov-2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions.
Feel free to reach out if you have any questions or if you'd like to discuss this swing trade view further. Your feedback and insights are always appreciated.
Swing Buy opportunity in Laurus LabsEntry: 389
Target: 417
SL: 378
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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LAURUSLABS : Closed the position at a small lossI initiated my position in the stock on November 17th, 2022. Subsequently, I added to the position on December 2nd and December 20th of the same year. With these additions, the total position accounted for about 2.5% of my capital.
However, the market crash persisted, leading me to close the position for tax loss harvesting on March 31st, 2023, at around 296.30. I then re-entered on April 25th at 295.80, a price lower than my exit point.
Now, I'm selling it off at 398.91, which is 5.88% lower than the average holding value. This trade results in a loss of 5.88%, despite holding the position for approximately 9 months.
Nonetheless, this entire experience provided valuable insights, and I successfully executed tax loss harvesting, making the loss worthwhile.
Currently, I don't plan to re-enter this particular stock in the near future, unless I develop a clear conviction regarding its growth prospects at a more favorable valuation.
During this time, I intend to utilize the capital to engage in better opportunities that I have stronger confidence in, as they arise.
looking for a re entry have took one trade already and now it is again in the range of buying from 350 to 380 for a big target as it has taken bounce from .618 ratio on a longer time frame chart it is now supposed to shake all buyers with wild and sharp down moves until 300 is safe no worries will add on all dips but this will give good up move in my sense in 6/8 months after moving in a range from 320 to 420 for sometime
Laurus Lab is in uptrend but correction till 375 -370 possible. Lauras lab is in uptrend at this point of time correction till 375-370 is possible. Exit will be weekly close below 370. Also, one should check weekly close on Friday after 3 PM when weekly candle is about to complete. After correction next target is 442.
LAURAS LAB - Buying Opportunity After giving sell call between 460 to 490 in December 2022...Now looks like Buying is emerging and stock has potentially bottomed out.
Rounding bottom seems to be in progress now with weekly MACD giving buy signal and daily chart is now moving above short term moving averages...
Buy once closes above 310 with closing basis Stoploss of 280 for medium term target of 450 600 by year end...
Laurus Labs - Swing trade for 10 to 20% upmove.1) Monthly is reversing from major bottom. 61.8% Fibonacci Retracement of the Previous swing.
2) Weekly has just got into an uptrend with 200 EMA close above weekly candle.
3) Daily is also in an uptrend.
Looks good for a target of 440-450, the demand and supply zones are marked, demand zones are good to buy prices and Supply zones are good to sell prices.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose