Laurus Labs – Technical Analysis, Support and Resistance

The stock

is showing a strong bullish trend on the daily chart, with price rising from around ₹750 to ₹2069. The stock is now consolidating near its recent high of ₹2089 indicating strength but also the possibility of short-term profit-booking. It is trading above its key moving averages, while the RSI near 61 supports positive momentum. Support & Resistance: Immediate support is around ₹2020–2040, followed by ₹1970–1990. On the upside ₹2090–2110 is the first resistance zone followed by ₹2130–2150. Short-Term Buyers & Holders View: Short-term buyers can watch for a sustained breakout above ₹2090–2110 with strong volume, which may support further upside. If the stock fails to cross this zone, consolidation may continue. A fall below ₹2020 could increase weakness toward ₹1970–1990. Holders can monitor whether the stock maintains higher lows and stays above key support levels.