💊 Laurus Labs – Pullback Within Broader Uptrend
LAURUSLABS shows a weekly pullback after a strong rally toward ₹1,100. Price is attempting to stabilize near key support levels.
📊 Technical View (Weekly):
Retesting breakout zone near ₹950–1,000
Price hovering near weekly moving average support
Momentum cooling but not structurally broken
Broader higher timeframe trend remains positive
🏭 Fundamental Triggers:
Improving traction in CDMO and specialty APIs
Gradual recovery in ARV segment pricing
Capacity utilization improvement expected
Focus on margin normalization
📰 Watch For: USFDA updates, CDMO deal announcements, and quarterly margin trends.
#TechnicalViews#FundamentalViews#EquityResearch
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