supremechart

Lumax Auto Technologies Ltd / H&S

Long
NSE:LUMAXTECH   LUMAX AUTO TECHNOL
Lumax Auto Technologies is forming an inverse head and shoulder pattern on the daily time frame.
Price has shown strength with strong closing with good volumes.

SL 158
Target 206
Trade closed: stop reached

Comments

hi - thanks for this one.. have been watching for sometime... waiting for 175 to close.. thanks aagin
+4 Reply
supremechart mihir2021
@mihir2021, great
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is it still worth getting into ? Like today or wait for Pull back ?
+1 Reply
supremechart karthikvenkat86
@karthikvenkat86, it had already taken out many retail participants in that (shakeout) huge candle on 20th July. Let's see how it performs tomorrow. even today's closing is not looking good. Can accumulate till 165.
+1 Reply
i think now it will start the consistant upmove
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Buying at 178..kindy suggest hold or sell
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supremechart pleasedCockato10274
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any view now sir ???
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There was breakout confirmation on 20th July, right? It closed above the neckline with decent volume, although the market was bearish and highly volatile.
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supremechart ashwinkalra2000
@ashwinkalra2000, if you see, it was confirmed on 16th July with good volumes.
+1 Reply