Momentum Pick - Buy Laurus Labs Ltd For Target Rs. 363 - HDFC Securities

Observation:

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

Currently, the price is making an attempt to show upside move above the key upper resistance. The short-term trend has turned positive.

We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

Volume has started to rise along with the up move in the stock price.

The daily/intraday RSI is showing positive indication.

The overall chart pattern of stock a long trading opportunity.

One may look to create long trading position as per the levels mentioned above.

Buy Laurus Labs Ltd @ 351.20 TGT 363 SL 344

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