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 :)
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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...
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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Observed 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...
#LUMAXIND (W):- CMP 1455.65 Looks Good above 1560/1600 For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
The stock witnessed a sharp breakout couple of days ago from a nice volatility contraction pattern. Am interested in buying this one on a fresh breakout to new highs. Lovely price and volume action.
Perfectly formed Flag pattern has given a breakout today. One can buy the stock for a target of above 1250 applying stop loss 1050(Closing Basis). The pattern formed at the year high level mostly performs better.
