Lumax Auto Technologies Ltd / H&S Long

LUMAX AUTO TECHNOLNSE

Description

⋅ Jul 18, 2021 4:54 PM

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

⋅ Aug 10, 2021 2:08 PM

Comments

mihir2021

⋅ Jul 18, 2021 5:10 PM

hi - thanks for this one.. have been watching for sometime... waiting for 175 to close.. thanks aagin

supremechart

⋅ Jul 18, 2021 5:21 PM

@mihir2021, great

karthikvenkat86

⋅ Jul 22, 2021 6:11 AM

is it still worth getting into ? Like today or wait for Pull back ?

supremechart

⋅ Jul 22, 2021 9:41 AM

@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.

mihir2021

⋅ Aug 6, 2021 3:31 PM

i think now it will start the consistant upmove

pleasedCockato10274

⋅ Jul 28, 2021 8:01 PM

Buying at 178..kindy suggest hold or sell

supremechart

⋅ Jul 29, 2021 3:53 AM

@pleasedCockato10274, hold

Mr_Roy77

⋅ Jul 23, 2021 9:57 PM

any view now sir ???

ashwinkalra2000

⋅ Jul 21, 2021 12:43 PM

There was breakout confirmation on 20th July, right? It closed above the neckline with decent volume, although the market was bearish and highly volatile.

supremechart

⋅ Jul 21, 2021 3:19 PM

@ashwinkalra2000, if you see, it was confirmed on 16th July with good volumes.