The Laurus Labs chart displays a clear ascending channel with well-defined upper and lower trend lines, suggesting the stock is in a strong short- to medium-term uptrend.
The current price is 923.90, very close to the session high of 926.30, indicating ongoing buying momentum and strength near channel resistance.
The price has just broken above the previous consolidation resistance around 900, which now becomes a support zone if the breakout holds.
The pattern features higher highs and higher lows, mapped by the parallel channel, with both volume and volatility remaining robust.
Given these observations, consider a buying opportunity above 927, with potential targets at 945 and 960.
The current price is 923.90, very close to the session high of 926.30, indicating ongoing buying momentum and strength near channel resistance.
The price has just broken above the previous consolidation resistance around 900, which now becomes a support zone if the breakout holds.
The pattern features higher highs and higher lows, mapped by the parallel channel, with both volume and volatility remaining robust.
Given these observations, consider a buying opportunity above 927, with potential targets at 945 and 960.
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