LUMAXTECH Swing Trade
Multiyear Breakout - Done.
Small Retracement - Done.
Bullish engulfing on Monthly Time Frame.
Bullish on Weekly Time Frame.
Trend line broken on Daily Time Frame.
Risk to Reward very good.
Excellent stock to Buy and Hold for 6-9 months.
Small Retracement - Done.
Bullish engulfing on Monthly Time Frame.
Bullish on Weekly Time Frame.
Trend line broken on Daily Time Frame.
Risk to Reward very good.
Excellent stock to Buy and Hold for 6-9 months.
Trade active
Entered Long position at 275 with SL - 220.Note
Moved as expected.. Trailing Stop loss to 262 (Daily closing basis)Note
Price action supporting the analysis.Conviction increased in this Stock.
Note
Trailing SL to 300 Weekly Closing BasisTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.