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Price and trend forecast of LAURUSLABS for Tomorrow, Weekly, Monthly

Laurus Labs Limited

Symbol: NSE:LAURUSLABS

ISIN: INE947Q01028

434.40

As on 2024-04-24

278.85 (52W Low) 471.00 (52W High)

LAURUSLABS's Today's Performance

Laurus Labs Limited started the day by opening at 435.00 today 2024-04-24. Its shares reached a high of 438.40 and dipped to a low of 432.85 in intraday. When the markets closed, LAURUSLABS’s stock price settled at ₹434.40 per share. Also check out its key support and resistance levels.

LAURUSLABS Buy/Sell Targets

Tomorrow, buy LAURUSLABS when its price reaches ₹ 434.40 with a stop-loss order at ₹ 430.64. You can set the target price as ₹ 438.16 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of LAURUSLABS for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for LAURUSLABS

Downside Targets Value in ₹
Tomorrow Down Target 1 438
Tomorrow Down Target 2 441
Tomorrow Down Target 3 443

Important Levels for LAURUSLABS

Holding Levels Value in ₹
Tomorrow Up Target 1 432
Tomorrow Up Target 2 430
Tomorrow Up Target 3 426
Based on where the stock opens tomorrow, if LAURUSLABS opens on a positive note, our first target will be ₹438. If Target 1 is achieved, we will aim for Target 2 which is ₹441.

But if LAURUSLABS falls below the average value of ₹435.22, you can enter a sell side position with target number 1 - ₹432 and second target - ₹430 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of LAURUSLABS

Looking at LAURUSLABS, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, LAURUSLABS has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for LAURUSLABS is moderate bearish.

Tomorrow's Volume based share price Forecast for LAURUSLABS

LAURUSLABS's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -25%.

Reversal detection for LAURUSLABS

Predicted trend chart of LAURUSLABS tomorrow for price forecast
LAURUSLABS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹434 in morning tomorrow
Target 1 tomorrow437
Target 2 tomorrow439
Target 3 tomorrow441
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with LAURUSLABS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if LAURUSLABS opens on a positive note, our first target will be ₹437.58. If Target 1 is achieved, we will aim for Target 2 which is ₹440.77.

But if LAURUSLABS falls below the average value of ₹435.22, you can enter a sell side position with target number 1 - ₹432.03 and second target - ₹429.67

LAURUSLABS's Weekly Targets
1st Up Target 439.70
2nd Up Target 445.00
1st Down Target 428.45
2nd Down Target 422.50

As the week for LAURUSLABS ended on bullish sentiments, we can expect further continuation of this sentiment. LAURUSLABS's initial target will be 439.70 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 428.45 in the upcoming week.

Weekly OHLC Values
Open 434.00
High 439.05
Low 427.80
Close 434.40

Week for LAURUSLABS started with an open price of 434.00, and the close was at 434.40. LAURUSLABS reached the highest of 439.05 and dipped lowest up to 427.80 last week. This indicates a bullish sentiment for the week.

LAURUSLABS full month swing targets
Monthly Up Target 1 450.95
Monthly Up Target 2 456.25
Monthly Down Target 1 417.20
Monthly Down Target 2 400.00

Targets of ₹450.95 can be expected to be reached in the coming month. Once LAURUSLABS achieved this target, we can aim for the next upside target of ₹456.25.

LAURUSLABS if fails to hold upside, down targets of ₹417.20 and ₹400.00 can be achieved by end of this month.

For complete three weeks if LAURUSLABS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as LAURUSLABS

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

LAURUSLABS is expected to reach the target of 437.58 in tomorrow's trading session.

After achieving the initial target in LAURUSLABS, we will aim for higher targets of 440.77 tomorrow.

However, if LAURUSLABS starts to trade below ₹435.22, then we will shift our focus to the sell side and aim for down targets of 432.03 and 429.67.