Laxmi Organic Industries Ltd: CMP 199
Update: The previous breakout attempt didn’t hold, but the chart is showing renewed strength. Most chemical stocks are looking strong, indicating sector-wide momentum. Volume has started picking up again, which is a positive sign. Although the risk-to-reward ratio is currently limited, a decisive breakout and monthly close above ₹230 could confirm a trend reversal and open up significant upside potential. Watching closely for confirmation.
Update: The previous breakout attempt didn’t hold, but the chart is showing renewed strength. Most chemical stocks are looking strong, indicating sector-wide momentum. Volume has started picking up again, which is a positive sign. Although the risk-to-reward ratio is currently limited, a decisive breakout and monthly close above ₹230 could confirm a trend reversal and open up significant upside potential. Watching closely for confirmation.
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Related publications
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.