Expecting a Bullish Move in LAURUSLABS

As per the 2 Hour Chart of LAURUS LABS LIMITED, we have witnessed a Formation of “Bullish Harami”.

Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 508.95, 515.90, and 521.50. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 494.20, on closing basis.
Closing Price (as on 18.01.22) : 501.50


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Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
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