[Premium] Trade Of The Week

JC Parets
June 13, 2021

This week we're looking for a long setup in the Pharmaceutical sector. Historical highs are being clocked on both index and stock levels, and one name pops right up.

Laurus Labs has been one of the star performers in the Pharma sector. We've seen a continuation in the positive trend as well as the strong momentum. In the week gone by, the price broke out above the level of 531 and triggered another new set of levels to track.

Momentum has been extremely strong and it doesn't seem like the move in this stock is anywhere close to the end.

We are bullish above the risk management level of 531, with a target above 824.

Click on chart to enlarge view.

We spoke about how Pharma did well in the past week and moved forward with momentum. A continuation in that trend would most certainly reflect in this stock as well!

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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