LAURUS LABS LTD
Long

Laurus Labs and Fine Organic - Reversal Breakout Alert!

485

  • In the past, the stock found strong support around the 450 level, but when the price dropped below this support zone, it experienced a significant decline.
  • The stock started to move upwards within a parallel channel after finding support around the 290 level.
  • A recent bullish candle allowed the price to break through its trendline resistance with strong volume support.
  • The stock also broke through the upper Bollinger Band and has been able to sustain its position above it.
  • With the price showing strong upward momentum, there is potential for an upward movement from the current level.


snapshot

  • The stock price reached an all-time high of nearly 7,330 before dropping sharply to around 4,100.
  • After the decline, the price entered a consolidation phase and traded in a Box pattern.
  • A breakout has occurred recently, with the stock surpassing its previous range and trying to maintain its position.
  • The rising volume suggests the possibility of an upward movement from the current level.

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