Positional Setup for Laurus Labs

CMP: ₹667.35

Breakout Level: ₹657–660 (now turned support)

Support Zones: ₹657, ₹618

Resistance Levels (next targets): ₹705–710, ₹735

Indicators:

Supertrend: ✅ Bullish

TEMA 5-9-20: ✅ Trending up

Volume/Price Action: Strong bullish candle post consolidation

📈 Technical View (Positional)
Laurus Labs has broken out above ₹657 resistance with strong momentum, closing near day’s high.

The chart shows a previous consolidation box (highlighted) followed by trend continuation—classic breakout setup.

Positional structure is bullish, with price holding above key moving averages.

🚀 Positional Targets:
Target 1: ₹705

Target 2: ₹735

SL (Closing Basis): ₹638