LaurusLab : At strong support zone !!

LAURUSLAB LTD

The stock earlier registered decisive breakout from long Multi-month price pattern with supportive volumes.

Post, that price rally a bit and then saw profit booking at higher level. 

Now, stock has dropped back near breakout levels which shall now act strong support.

Price action and oscillator positioning indicates support likely to hold price may resume its prior upmove going forward.

View holds true till price does not close below mentioned support.

Keep on #radar 

#Pharma #nifty #TradingView #investing #bullish #view

LaurusLab Weekly chart

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