LAURUSLABS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of Laurus Labs Ltd. (LAURUSLABS)

📊 Trend Overview

Current Trend: 🚀 Strong Uptrend

Price is trading at its 52-week high of ₹926, with a 52-week index of 99.3% — indicating a powerful bullish breakout.

RSI at 72.6 is in overbought territory, suggesting strong momentum but also short-term caution.

MACD at 15.8 is highly positive, confirming trend continuation.

Volume at 31.6 lakh is more than double the 1-week average, signaling strong institutional interest and breakout strength.

📈 Moving Averages

50-DMA: ₹845 — Short-term support.

200-DMA: ₹694 — Long-term support.

Price Action: Current price of ₹923 is well above both DMAs, reinforcing a strong bullish structure.

📉 Momentum Indicators

RSI (14-day): 72.6 — Overbought zone, potential for short-term pullback.

MACD: 15.8 — Bullish crossover, momentum accelerating.

Volume: Surging — confirms breakout strength and accumulation.

📊 Bollinger Bands

Price likely at or above the upper band — signals strength but also potential for short-term cooling.

Volatility expansion favors continuation, but RSI suggests watching for exhaustion.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 885 Minor pullback zone

Support 2 845 50-DMA, strong technical support

Resistance 1 926 52-week high, immediate resistance

Resistance 2 950–975 Projected breakout zone

🎯 Entry & Exit Zones

Optimal Entry: ₹885–₹900 — On pullback from overbought levels.

Exit Zone: ₹925–₹975 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Very strong — MACD bullish, RSI overheated.

Breakout Potential: High — Volume and price action support continuation.

Bias: Bullish — But short-term caution due to RSI.

🧭 Summary

LAURUSLABS is currently trending upward with strong technical indicators. Price action above key moving averages, surging volume, and a bullish MACD suggest continued strength. However, RSI above 70 warns of short-term exhaustion. Traders may consider entering on dips near ₹885–₹900 and targeting ₹925–₹975 for exits. A breakout above ₹926 with sustained volume could push the stock into new highs.

Would you like a comparison with other pharma midcaps or alerts for RSI cooling and re-entry?

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