can lauruslab turn from support of 385 , palat zone aaya kya?

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LAURUS LABS LTD (NSE:LAURUSLABS)

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NSE:LAURUSLABS LAURUS LABS LTD

trendanalysis chartpattern lauruslabs lowriskhighrewardplay swingtrading long

Although Laurus lab is a falling knife right now and people are struck in this counter but I would like to initiate a long trade around 385/380 with SL below 375. This price zone of 380-385 is support zone of 2020 and I am also counting on RSI which is on oversold level on weekly Time frame. Targets for me on this trade would be 1) 400 2) 422 3) 450 after my target 2 for remaining qty I will bring my SL to cost to avoid any loss in the trade. F&O traders should trail SL tightly since this trade would be against the trend. Lets wait n watch, happy trading

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T1 Done

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