Good company ,Not a good time to add. Wait for SEP QUATER RESULTOk this analysis is my 4rth about LXCHEM from which i made a good return after its IPO DEBUT
Had got huge quantity at around 220 INR AND SOLD AT 500 ABOVE .
Now as I wanted to reenter the stock , so here's my analysis
1.As the company has been shut for close to a month during sep quarter , the results will get affected .
2.Last quarter results are also not par with June 2021 results and eps are down
3.Will make entry only after results are out and when price come down a bit.
4.The company has given notice about Aquitation , it may be a good news it may not be but cant risk as retail people get trapped in news .
Now for the technical part
1. The price has created a Rising wedge pattern , certain sell will come with even a good bottom breakout.
2. The stock can be added Buy on DIPS after this correction
3. 280-300 is the price range to start adding , with adding more on any DIP .
