Good Morning Traders and Investors,
I hope you all will be doing good, i have brought an ideas on any stock after few days. Well you all guy's are familiar with this triangular pattern as i have explained many times before in other stocks. Here we have seem same pattern in Laxmi Organics, But after giving breakout price has not moved much for upside, and price...
Laxmi organics breaks trend line resistance, and retest made for trend line breakout at last circle. Made consolidation and then again breakout, confirmation for a caped downside, by keeping sl near 264 which is breakout candle low go for, First target 380 , second target 490.
Stock has been consolidating from past one year after a giving a strong rally of more than 300%. On 19/04/23 stock has finally given breakout from its downtrend. Price level of 275-280 which was acting as immediate resistance for the stock has been broken. In this week, if price manages to close above this level we can expect a decent rally in coming days. All the...
BUY - LAXMI ORGANIC INDUSTRIES LTD
CMP - Rs. 265
Target - 1: Rs. 321
Target - 2: Rs. 377
Target - 3: Rs. 469
1) Bullish Bat, Sea Pony, Anti Nen Star Harmonic Patterns.
2) Trendline Breakout
1) Sales growth is growing at a healthy rate in the last 3 years 27.94%.
2) Net Profit is growing at a healthy rate in the last 3...
Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.
lx chem look good for positional swing trade.
stock has made short term bottom formation on date 29/11/2021
and next 3 day attempted rally
finally follow trhought day happned with incresed volume
risk managment will play key roll here marked part entry for entry for first 50%
later balance 50% can be enter at re test of pattern or on momentum up side...