Laurus Labs maintains a strong higher-high structure!

Laurus Labs maintains a strong higher-high structure Laurus Labs Limited (NSE: LAURUSLABS) remains in a cyclical uptrend, with the stock continuing to form higher highs and higher lows. Technical analysts have identified ₹1,954 as key support and ₹2,200 as the next upside target. Why it matters The stock has repeatedly attracted buying interest on dips toward its 20-day EMA. Its 20-EMA and 50-EMA are also in a bullish crossover, supporting the broader positive structure. The setup is particularly notable because the wider Indian market is under pressure. The Nifty 50 fell 1.64% on October 8 to 22,231.8, its lowest close in 18 months. When the index is weak, stocks that continue to defend important moving averages can offer better relative-strength setups. My view The ₹1,954 area is the key level I would monitor. Holding this zone keeps the higher-high, higher-low structure intact. A sustained move toward ₹2,200 would strengthen the bullish setup. A decisive break below ₹1,954 would weaken the current structure.