BUY LAURUS LABS LTD | TARGET: Rs 718 | STOP LOSS: Rs 632
LAURUSLAB has seen resurgence from the lower band of the Bollinger (20, 2) that has been backed by robust volumes indicating strong nearby support. The stock is primarily in an uptrend and maintains the cycle of higher highs higher lows on all time frames. At the current juncture, it has witnessed a sloping trend-line breakout in the last trading session and the placement of the counter that is above all the major exponential moving averages in the daily chart makes it quite lucrative to accumulate from a short