🚀 Laurus Labs: Major Cup & Handle Breakout with Upside Potential!

The stock has completed a multi-year cup & handle pattern with a powerful breakout above ₹690, signaling a strong long-term uptrend. 🔎 Technical View Elliott Wave: The corrective cycle has ended, and the stock is now in a new impulsive Wave 3, typically the strongest leg of the rally. MACD: No bearish divergence visible — momentum is aligned with the breakout, confirming bullish strength. AVWAP Support: Price is sustaining well above anchored VWAP from the 2021 top (~₹690), confirming strong demand absorption. Pattern: Classic Cup & Handle breakout projecting a measured move towards ₹1,050–1,100. 📊 Fundamental Strength Strong presence in pharma & specialty chemicals, aligned with long-term healthcare demand. Healthy ROCE and consistent profit growth despite past industry cycles. Business model well-positioned to benefit from API and contract manufacturing opportunities. 🎯 Key Levels Breakout Zone: ₹690 Support: ₹690–720 (post-breakout retest zone) Target: ₹1,050–1,100 (≈ +45% upside)