Laxmiorganicswingtrade
Laxmi Organic Industries Limited ABOUT
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.
The company’s business operations are carried in over 30 countries including 11 offices located in India
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 29.0% CAGR over last 5 years
CONS
Stock is trading at 7.82 times its book value
Promoter holding has decreased over last quarter: -0.39%
lxchem cmp 435 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 confirmation
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.
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