Laurus Labs Ltd. develops and manufactures active pharmaceutical ingredients for therapeutic areas. Let’s see what charts have to say. In the monthly chart, we can see that stock’s all time support level is between 270 – 290. After taking support in Apr 2023, It bounced and now trading at 330.
So now what should we do? I think we can start accumulating Laurus Labs at these levels of 320 – 330 keeping SL below the support line. The first target would be 460 and then it can go upto 600 – 700. This is positional view.
Happy trading
Update on 14th June: Laurus Labs stock is still on track. From 328 to 360 already done. It is moving as per expectation. So keep invested as per the entry and target details suggested in the post. Good Luck and happy trading. ✌️
