LAURUS LABORATORIES :-(Cmp. Rs.353.75)
LAURUS LABORATORIES formed a Cup & Handle pattern & breakout last week above Rs. 342 & clearly following 5th weave of Elliot wave chart,indicates price will rise with Final Target of Rs.422 keeping stop loss Rs.320 in short term. Strong support base @ Rs. 250, where recommended to
Strong Buy again if corrected in worst market scenario.
In Sept'20 FII increased their stake significantly as chart below:
Number of FIIs/FPIs increased from 149 to 183 in Sep 2020 qtr.
RAIN INDUSTRIES is at the verge of breakout above CMP Rs. 127 after completing the left shoulder of Inverted H&S Pattern which was formed formed from 15 th Apr '2019. Above this breakout level 1st strong hurdle will be @ Rs. 150 (23.6% fibo retracement also) next target Rs.205-210 in Medium term.
"Peter Lynch"
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