🧪 Laurus Labs: Cup & Handle Breakout with 48% Potential Rally!

After years of consolidation, Laurus Labs has completed a textbook Cup & Handle pattern on the monthly chart, signaling a possible breakout of over 48% upside from the neckline zone. 📊 Technical Setup ☕ Cup & Handle structure formed between July 2021–June 2025 📈 Breakout level: ₹690–₹700 (previous ATH zone) 🎯 Target: ₹1,040 (approx. 48% move from breakout) 📉 Multi-Signal Insights 🌀 Elliott Wave Context: Wave 1 and 2 likely done; entering impulsive Wave 3 📈 MACD shows fresh bullish crossover on monthly timeframe 🟩 AVWAP from COVID lows acting as strong dynamic support 📊 Strong base built around ₹400–₹500 zone with tight consolidation 📌 Fundamental Strength 🏭 Debt-free pharma player with consistent EBITDA margins 📈 High RoCE above 20% and consistent cash flow generation 🌍 Diversified across APIs, CDMO, and biotech – scalable business model 🧬 Capex done, now entering monetization phase 📈 Positional View Buy between ₹700–₹720 SL: ₹640 Target: ₹1,050+ Time Frame: 6–12 months Risk-Reward: 1:3+