Laurus labs, closed at 374
Looks good on charts and is ready for next Targets of 430 and 500++ soon
ROI 15% & 34%
Have patience, goods things on their way
To manage risk, consult your financial advisor
After 3 months of consolidation, Laurus labs gave a huge breakout above 180 and confirmed with a huge green candle
Join the bulls and book timely profits
**Trade at your risk
Do like and follow the profile for weekly trades
To all learner of conventional patterns you can see how beautifully conventional pattern works.
After down trend Double bottom formed which is reversal patten and up trend started...in uptrend cup n handle formed which is continuation structure....after little sideways movement Ascending tringle formed which is again continuation pattern..now major resistance...
Laurus Lab. on daily chart showing double bottom then Uptrend followed by cup n handle pattern with sideways tread. After sidewaystrend Ascending tringle formed.
Likely going up as both cup n handle & ascending tringle are continuation patterns.
One of the biggest wealth generator of 2020 has been in a sideways direction, although stronger than overall pharma sector, is back at the demand zone of 335-345. Initiating longs here can give favourable RR for traders.
Market is volatile and trade with caution.
BULLISH BAT & Shark strong potential reversal zones
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
