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LUMAXIND

Will Motherson Wiring (MSUMI) ride with other auto ancillaries?After NiftyAuto n its stocks saw nice momentum, now with good results in Auto proxy Ancillaries sector, stocks are also performing: Balkrishna Ind, Amara raja, Exide, Uno Minda, JBM Auto, Lumax, Rico auto showing good demand. Now come to MSUMI analysis, why it can give returns? FA: -First of all decent growing QoQ, YoY and overall FY24 growth results for the company. -ROE: 42.4% (highest among top leaders and ROCE: 48% -Debt to equity : 0.15 (low) TA: -DTL BO Anticipation (Down Trend Line Breakout), tested trend line(TL) 6 times. -HLs -VCP in action -Green vol > Red Vol (only concern can be big supply on 17/may but it can taken as final flushing of supplier from TL resistance, if now tested can break easily) -Shakeouts are there (kicking out weak players) -Tight closes with low vol Overall loving the setup if possible will take cheat entry (Cheat : early entry from small base before BO in anticipation of BO)
NSE:MSUMILong
by takmanish007
Lumax Industries Limited LUMAXIND:- Stock has formed double bottom and w pattern on monthly chart. keep an eye. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:LUMAXINDLong
by AjayDhakad_Keep_it_simple
Possible trend breakout in Lumax IndustriesObserved possible symmetrical triangle breakout in Lumax Industries. Previously stock was facing resistance multiple times at the trend line. Now we can see the price is moving above this trend line. We can also see increased volume at this point. We can enter the trade if the price closes above 1525. All possible targets are mentioned on the chart. Trade set-up 1) Take position if price closes above 1525 in weekly chart. 2) Possible targets are 1723,2166,2580. 3) Stop-loss can be placed at 1070. This is not a recommendation. Do your own analysis before investing.
NSE:LUMAXINDLong
by SWING2TRADER