LAURUS LABS – Techno-Funda Summary

1️⃣ Market Structure Strong uptrend from August → followed by a fresh breakout above ₹1000 zone. Currently moving in a sideways consolidation just above the breakout zone. 2️⃣ Price Behaviour Price is repeatedly holding the retest zone near ₹1000–1010. Sellers active near ₹1040–1050 causing short-term rejection wicks. Consolidation indicates absorption phase before next move. 3️⃣ Key Levels Support: ₹1000 / ₹975 Major Support: ₹945 Resistance: ₹1040–1050 Breakout Zone: ₹1010 4️⃣ Techno-Funda Verdict EMA, RSI, SAR all bullish → trend support. MACD still bearish cross, so momentum is cooling off. Fundamentals: Laurus in a pharma recovery cycle, margin expansion expected in next 2–3 quarters. 📌 Verdict: NEUTRAL TO BULLISH A strong close above ₹1050 may trigger the next leg. Sustaining above ₹1000 keeps structure positive.