Laxmiorganic
Laxmi OrganicI am sharing my trendlines in this chart so that you can take informed decision accordingly. The company is fundamentally sound, however, I feel a sharp rise in stock price has lead to a sharper correction in this counter. The whole chemical pack is under pressure currently.
LAXMI ORGANICSNSE:LXCHEM is a good company from the chemical sector.
on daily time frame stock is making rounding pattern.
and taking strong support from the 404 level. and, it has made morning star at the bottom of the trend.
one can buy this stock for a short-term target of 563.
LXCHEM (Laxmi Organic Ind) for Swing TradeSeems like Lxchem is making a triangle pattern & Was at Support Trendline we will enter with confirmation above 550 level by keeping 595 as 1st TGT & 625 As 2nd TGT. Sl if the candle closes below 528 level and it's low Break.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
>> Visit My Ideas Page for Daily Stock Analysis, Follow for Live Updates. <<
Laxmi OrganicI have made a complete Stock Analysis video on the same on my YouTube channel, this chart will compliment that video. Laxmi Organic is a chemical company primarily involved in Acetyl Intermediates and Speciality Intermediates. They are also looking to foray into Fluorine Chemistry in the future.
Laxmi Organics going for 500 ? #laxchemBullish flag pattern breakout. Heading for 500.
Portfolio stock. Monopoly business in some segments.
Note:
Not sebi registered, do your due diligence before taking position.
Bull Flag Pattern Spotted - Dont MissLaxmi Chemicals more than doubled its EPS this quarter and the pattern formed is bullish too.
LaxmiOrganics :Big moves post IPO raleyLaxmiOrganics :Big moves post IPO rally. probably late for an entry now. But could wait for next consolidation to see if makes another
explosive move like last 2 times. do it at our own risk appetite on liquidity and volatility as stock is infant.
Laxmi Organic Industries Ltd Long SetupLaxmi Organic Industries Ltd Can go long at 275 with stop loss of 250. Target 300 and 325
LXCHEM Triangle patternNSE:LXCHEM as follow the drawn pattern from its listing.
if it gives breakout it will easily reach 275 levels
This is only for education purpose.
LAXCHEM May 2021 End 🔥Pennant Continuation pattern break visible on daily chart.
You can also see a bull flag pattern broken.
Can see upside upto 241 in the next week and another upto 256 if volume continues to support.
