LAURUS LABS - Next step?LAURUS LABS - One of my Fav. Stocks :)
Has been underperforming for a while
Pros
Currently MACD is strong uptrend
RSI - 56 which is Good
Right time to buy on Dips if available
Cons
Just Below the 50 Day Moving Average - The Green line as shown
Suggestions
Enter once it crosses the 50 Moving Average around 660 - 678 levels
would be the right levels to enter and we would be able to see 750 levels.
The Stock is in my portfolio and suggest to HOLD for a long term for great Returns
Like & Follow :)
Do let me know incase you want me to post about any other stock in particular
Happy trading :)
LAURUSLABS trade ideas
Laurus Labs - BUY / HOLDLAURUS - BUY / HOLD
Reversal seen today - :) happy trading we will be able to see a good uptrend starting tomorrow onwards.
RSI - still at 33.26 -
But as seen below it has already hit its lows and now we will get to see an uptrend
1st Target - 620
2nd Target - 650
We would be able to see 700 -750 levels by Mid of Oct :)
Kindly like and Follow for free tips :)
Laurus Labs - Long term - Don't Miss :)Laurus Labs - Great Buy for Long term will not get it at these levels again :)
You would see great returns in 8 - 12 months
It has just given a Bounce back towards an uptrend now.
Green line - 50 Day MA - its still below that but it would go up in no time :)
Red line is the - 200 day MA
RSI - 41 - Towards an uptrend
Bullish engulfing and move upLaurus had met with resistance at this zone ( 687-693) - marked, and started moving down and then did a bullish engulfing candlestick pattern ( see black arrow) and started moving up...crossed the resistance zone and is slowly moving up. Laurus Labs has solid fundamentals and has moved big already but has potential for more upside. targets marked