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.
Cup & handle pattern
recent high break and sustain level
Moving average in line 20/50/200
RSI above 60 daily / weekly / monthly
expected level 600
support 376
LAURUSLAB DAILY CHART
Ellipse breakout @ 403 Target @ 450-460 Support 380
This stock has witnessed an ellipse breakout @ 403 levels, MOB placed @ 450-460 levels.
Its only an observation & not any suggestion.
`This stock is showing strength in daily and weekly timeframe. supported by gud volume and both the key moving average.
SL 349
ENTRY 415
it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
LAURUS 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-.
STOPOLOSS 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...
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...
#LAURUSLABS CMP 371
A hero during the covid run, but an underperformer since 2021 June, charts indicate the pain to be over with 350 area offering very good support. Looking good to add some here. Momentum can kick in above 385 - 390, & later above 450.
Laurus labs will first taret is 440 after breakout of 415 level and after achieving 440 levels it may retrace to the levels of 380-400 and after completing this retracement or consolidation if will take off for the levels of 530.
Initiated buy call at 304 in previous idea. Just following up on chart with revised Stoploss...
370 375 will be crucial levels now for Long position....
Stock has potential to touch 600 before January 2024...
Entry: 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.
TO...
I 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....
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...
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.
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...
