LAMBODHARA - Price at support linePrice consolidate since January 2023 and it supports bothe resistance and support for 2 years. Currently, stock in support line with good candle formation. Only benefit in entering these type of structure is we can have stoploss below support line and target near resistance line.
Lambodhara Textiles Ltd.
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In-depth trading ideas
Lambodhara Textile Rounding Bottom BreakoutLambodhara Textile Ltd. Analysis
About the company...
Lambodhara Textiles Ltd was founded in 1994 with a capacity of 3,024 spindles. Over the years the company has grown in size and currently has a capacity of 37,856 spindles, with 33,224 spindles producing fancy yarns. The mill is fully modernized with state of art technology and infrastructure. They produce yarns in a count range from 10s to 60s. They specialize in manufacturing slub yarns, multi count and multi twist yarns, siro yarns and neppy yarns. They produce yarns using Polyester, Polyester variants, Viscose, Modal, Excel and Flax as raw materials.
Technical Analysis
Rounding Bottom
Breakout & Retest done at 120
Addition of volume
At very good and strong numbers
Setup
Cmp 159.3
Buy upto 140
For targets 180 / 200 / 230 / 255 / 275 / 300+++
CBSL can be 130
Regards..
Keshav Jain..
25/11/2023
Disclaimer & Risk Warning
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
Sudden Spike in Volume...
BUY LAMBODHARA PRICE @ CMP 159 51% ROI EXPECTEDBUY LAMBODHARA PRICE @ CMP 159 51% ROI EXPECTED
Buy1 cmp entry @159
Target 1 @240
ROI 1 @51
Buy2 Pending entry @108
Target 2 @240
ROI 2 @119
Our Unique Features
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1. Follow our 10 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 1% Risk Management Per trade.
4. Risk vs Reward up to 25.
Note Please leave comments for any query.
Disclaimer This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
PRABHUMAYAKANNAN
relative outperformer1. RS positive
2. stock above long term moving averages
3. two iterations of volatility contractions
4. falling falling during contractions
5. respecting recently formed demand zones
6. volume spurts during upmove
7. short term moving averages not holding the stock
trade plan- wait for a bullish candlestick pattern above 50 dema to enter
(follow a strict risk management process with discipline, stock market gains work in probabilities)
Disc- i am not SEBI registered IA or RA, the chart published is analysed based on technical parameters and for education purpose only. I may/maynot or will/will not have position in the script.






















