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 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
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.
Laurus Labs Ltd. develops and manufactures active pharmaceutical ingredients for therapeutic areas of anti-retrovirals and hepatitis C. The company was founded on September 19, 2005 and is headquartered in Hyderabad, India.