Laurus Labs may see a pullback after overbought rally
After an 11-day rally with 20% gains, Laurus Labs may face short-term profit booking, says analyst Anupam Bajpai. The stock's RSI at 83 signals overbought conditions, while candlesticks outside Bollinger Bands indicate overextension. A pullback to the 20-day moving average (20-DMA) could offer a healthier entry point.