Laurus Labs Ltd

NSE :LAURUSLABS   BSE :540222  Sector : Pharmaceuticals

About Company: Laurus Labs is principally engaged in offering a broad and integrated portfolio of Active Pharmaceuticals Ingredients (API) including intermediates, Generic Finished dosage forms (FDF) and Contract Research services to cater to the needs of the global pharmaceutical industry.

Daily Chart of Laurus Lab:

Technical Outlook of Laurus Labs:

Stock on Thursday 25th Nov 2021 on November series Expiry day jumped 6.56%. An increase of Rs. 32.95 per share and closed at 535.05 on NSE. If we look at the daily chart stock took support at long term trend line. Every time the stock approaches a trendline huge buying interest is seen in the stock. Long term trend is bullish and provides a good buying opportunity to buy stock for investment.

Hence we suggest you Buy stock at current Market price around 530- 535, stop loss to be maintained below 490. Targets on the upside expected are 650- 700 in the next 1 month.