Laurus Labs – Educational Technical Snapshot
(SEBI Reg. INH000019886 | For Learning Purpose Only)
The chart is forming a Triple Top structure near the upper resistance zone, showing clear rejection from the same level three times — a classic sign of supply pressure.
🔍 Key Observations
Top 1 → Top 2 → Top 3: All three peaks rejected from the same zone
Price is struggling to sustain above ₹1040
Breakdown projection points toward a possible move toward ₹970–980 zone
Candles hovering around the 50 EMA, showing indecision
Momentum indicators turning mildly bearish
🎯 Edu Levels
Resistance: ₹1040
Support: ₹1005 / ₹970
Triple Top Breakdown Target Zone: ~₹970
📈 Summary
A triple-top generally signals exhaustion in the uptrend. Unless price gives a strong breakout above ₹1040, risk of correction remains open toward the lower zone.
⚠️ Purely for learning & charting education.
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