LXCHEM daily has trendline breakout with 200 ema support on daily candle. Good to buy at 299 for target of 387 with sl below 264
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LXCHEM:- Wait for the breakout of the stock, if there is a breakout then we can see upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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*laxmi organics is expereincing volatility contraction.
* there is volume in every green candle.
*my traget would e 385 the hurdle zone LXCHEM.
*one can enter @the reak of 355 for a target of 385 with a SL of 348( rememer wait till it breaks 355 dont preampt)
laxmi organics looks quite bullish on intraday and swing basis.
trend is up on 1h and good zone on 15min for execution.
we can look for more then 4 rr with trailing stop loss.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
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...
Seems 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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Bullish flag pattern breakout. Heading for 500.
Portfolio stock. Monopoly business in some segments.
Note:
Not sebi registered, do your due diligence before taking position.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
LXCHEM
1. rising wedge pattern breakout done.
2. histrical level 339 to 345 expect level
3. chance for small healthy retracement possible wait trend resversal accmmulation area start up wait for confirmation
