LAURUS LABS - AttractiveBasically expecting a breakout and a good rally upwards. Buy only above 1155
However, Nifty will be facing a strong resistance this week which is why there "may be" a pull back.
If Nifty retraces and begins a fresh correction then keep an approp stop loss based on your risk appetite.
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LAURUSLABS trade ideas
A very good potential pharma company to invest for good returns.One can trade in this script with immediate target of 570 followed by 610 and higher before stock split, keep stop loss at 500. Good luck and have a great profitable day.
For long term investors keep it in your portfolio and hold for multi fold returns.
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Breakout with strong volumesLAURUSLABS has given a strong breakout above its resistance and it may be advisable to go long on this stock. The Stop Loss should be maintained at 475.
Targets; T1 - 550; T2- 575; T3- 620.
Disclaimer: I have also taken a long position in this stock and will follow the price levels given above.