we are long Laurus labs above 532 maintain stoploss below 500 long term target-620-720
time frame 5 month
trendline breakout done and above our buy level we can see good upside move
risk of 30 points
rewards - 90 on 1st target and on 2nd target 190 points
LAURUS LAB - Bullish
1. Have strong support at 450, If it breaks 450 very tough to recover.
2. If the market trend reverses the 1st target will be 530.
3. If 530 trend breaks out the next target will be 620.
4. If 620 target breaks and opens and close above the primary trendline... the stock will fly to 900.
Note:
1. I’m not a SEBI Registered advisor, my views...
Mid-cap Pharma Company might get a booster dose?
The 31,177.59 Cr. worth mid-cap Pharma company, Laurus Labs Ltd. gave a massive 96% CAGR (3yrs.) in the past. The share price of the company made a high of Rs. 723.55 after which it saw a downturn is now giving signals of its trend reversal to Bullish. The share price of the company made an 'inverted Head and...
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...
Lauruslabs made inverted head n shoulders on daily charts & broke out of neckline with very good volumes.
Could be bought with mentioned stoploss & targets.
Aim for 5-10%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis...
Laurus Labs Ltd.
Coming Out of Consolidation Zone.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
