Looks like Laxmi Organic Industries Ltd about to start uptrend ?
LXCHEM comapny is done coorrecting from chart's point of view. Looks like Double bottomm in weekly chart.
It comes from chemical sector where all stocks from this sector are coming out from long downtrend. So looks like sector backup is there.
Need to wait for trendline and Horizontal reistance breakout to confirm for safe trader.
Can be a plan very good long term trade.
Note: No idea about Fundamentals.
It comes from chemical sector where all stocks from this sector are coming out from long downtrend. So looks like sector backup is there.
Need to wait for trendline and Horizontal reistance breakout to confirm for safe trader.
Can be a plan very good long term trade.
Note: No idea about Fundamentals.
Note
It achieved Target-1 last week.
Now its coming to 275 again for support. Will add after signalling reversal.
Note
Last 2 weeks it tried to close above supportTrade active
Price is at support.
Risk:Reward is very good here.
If Fundamentals also support with buisness growth, then it is for sure a good bet.
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