🟢 Range Breakout with Momentum Surge — Laurus Labs Entering Expansion Phase!

📊 Technical + Structural Analysis Laurus Labs has delivered a clean breakout from a multi-month range, indicating a shift from consolidation to trend expansion: 🌊 Elliott Wave Perspective The prior sideways movement (₹950–₹1130) appears to be a corrective Wave 4 structure. The strong breakout candle suggests initiation of Wave 5 impulsive move. If momentum sustains, this leg can extend toward ₹1300–₹1350+ in the coming phase. 📉 MACD Insight Momentum has flipped decisively bullish after a period of compression. Likely strong bullish crossover with expanding histogram, indicating fresh trend initiation. No visible divergence — supports continuation rather than exhaustion. 📍 AVWAP Confluence The ₹1120–₹1130 zone acted as a strong AVWAP resistance throughout the range. Breakout and close above this level = clear change of polarity (resistance → support). Any retest of this zone can act as a high-probability accumulation opportunity. 🧠 Price Action Context Clear range breakout after consolidation Strong bullish candle = institutional buying signal Expansion after contraction = high momentum phase beginning 📈 Fundamental Snapshot Strong presence in API and formulations segment Benefiting from global pharma outsourcing trend Improving operational efficiency with margin expansion potential Consistent growth outlook supported by strong order pipeline ⚖️ Conclusion Short-term: Bullish continuation above ₹1130 Medium-term: Trend expansion phase active Upside potential: ₹1300–₹1350+ Key support: ₹1120 zone 👉 This is a classic breakout + momentum setup — suitable for traders looking to ride the next expansion leg with defined risk.