Laurus Labs Ltd. (NSE: LAURUSLABS) shows a clear rectangle (consolidation)

📦 Pattern: Rectangle Range Breakout The stock traded in a sideways range between ₹835–₹950 for nearly 3 months. The price has now decisively broken above ₹950, confirming a range breakout. Volume confirmation is visible — volume is higher than average during breakout candles, showing accumulation by institutions. This pattern signals a pause and continuation type setup — the uptrend before the range likely resumes post breakout. 🎯 Target Projection (Measured Move) Height of the rectangle = ₹950 - ₹835 = ₹115 Add to breakout level (₹950 + ₹115) = ₹1,065 ✅ Target Zone: ₹1,050 – ₹1,070 ✅ Extended Target (Momentum Phase): ₹1,120+ Laurus Labs has confirmed a range breakout above ₹950 with healthy volume — signaling the continuation of its prior uptrend. Expect targets of ₹1,050–₹1,120, keeping ₹905 as stop loss.