LAURUS LABS

Monthly time frame
Breakout from 4-year consolidation
Stock riding above 20- & 50- month moving averages
RSI greater than 50, signalling bullish momentum
MACD crossover done and is above the 0 line, signalling bullish momentum

Weekly time frame
Stock has broken out of the orange trend line resistance after retest
Stock has broken out of descending triangle pattern
Stock converging near 20-, 50- & 200-week moving averages
Golden crossover approaching (50WMA cross 200DMA)
RSI greater than 50, signalling bullish momentum
MACD above the 0 line, signalling bullish momentum

Daily time frame
Stock has been in an uptrend (white dotted parallel channel) since May 2023
Stock in the process of making a higher low (Dow theory)
Stock converging near 20-, 50- & 200-day moving averages
RSI = 50, signalling bullish momentum
MACD is about to cross the 0 line, indicating momentum build up

Conclusion
Entry: 450
Stop Loss: 385
Target 1: 550
Target 2: 720
Target 3: 1000

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