LAURUS LABS TGT - 485-515 18-4-2024
Laurus Labs Ltd. is an interesting chart with following
1. Ascending Triangle breakout under formation on weekly chart
2. Narrowing Bollinger Bands on weekly chart with price moving near upper band
3. Minor Resistance near 448-450 zone above which stock can fetch 485-530 zones
4. Major support near 415 - 425 zone
5. Bullish Marubozu candle + bullish Engulfing candle on daily chart
Lets See How it evolves
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
1. Ascending Triangle breakout under formation on weekly chart
2. Narrowing Bollinger Bands on weekly chart with price moving near upper band
3. Minor Resistance near 448-450 zone above which stock can fetch 485-530 zones
4. Major support near 415 - 425 zone
5. Bullish Marubozu candle + bullish Engulfing candle on daily chart
Lets See How it evolves
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
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