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Updated - May 05, 2026 at 06:30 AM.

The short-term outlook is bullish for Laurus Labs. The 6 per cent surge on Monday indicates that the upmove in the stock could be gaining momentum.

It also confirms a bull flag formation on the daily chart which in turn strengthens further the bullish case. Immediate support is at ₹1,120.

Below that ₹1,090 is the next strong support which can limit the downside in case the price declines below ₹1,120. Laurus Labs share price can rise to ₹1,300 in the coming weeks.

Traders can buy Laurus Labs shares now at ₹1,166. Accumulate on dips at ₹1,130. Keep the stop-loss at ₹1,075. Trail the stop-loss up to ₹1,190 as soon as the stock goes up to ₹1,210.

Revise the stop-loss higher to ₹1,220 and ₹1,245 when the price touches ₹1,240 and ₹1,260 respectively. Exit the long positions at ₹1,290.

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on May 5, 2026

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