Detailed View about this Breakout:
No.of Resistance: 5
No.of Support: 7
Consolidation days : 700+ days
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Stock is trading in higher high pattern maintaining supportive trendline and given huge BO with massive volume spike, follow chart for proper support and resistance levels.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
BUY - LOKESH MACHINES
CMP - Rs. 145
Target - 1: Rs. 210
Target - 2: Rs. 260
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Technicals - Double Bottom BO
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This is just a view by an expert analyst, please invest at your own risk.
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Stock Name - Lokesh Machines Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 130
#This is not Buy and Sell recommendation to any one. This is for...
After the breakout Lokesh Machines again at the breakout point, it was 7 years old resistance level. Above 120 it's safe for 170.
CMP 116
TP1 170
#LOKESHMACH
