Lumax Auto Technologies Ltd / H&SLumax Auto Technologies is forming an inverse head and shoulder pattern on the daily time frame.
Price has shown strength with strong closing with good volumes.
SL 158
Target 206
LUMAXTECH trade ideas
LUMAXTECH - Classic Cup and Handle BO PatternThis stock has formed the classic cup and handle pattern indicating a possibility of a breakout.
Stop loss can be maintained at 158, which is the bottom of the handle.
Supporting Technicals:
RSI: 65.6 ( Bullish but not overbought)
MACD is above its center and signal Line, this is a bullish indicator.
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
LUMAXTECHAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
Expecting Breakout ✌✌This scrip is expected to give breakout as it is on the verge of breakout . So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
LUMAXTECH is on the cusp of breakoutOn the weekly TF LUMAXTECH is on the cusp of breakout with good volumes after the formation of cup and handle pattern.
Keep an eye on it!
Keep supporting! Keep learning! Keep earning!
Lumax Auto Tech - 3yr H&S breakoutSL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
LUMAX AUTO TECHNOLOGY UPPER SIDE BREAKOUTLUMAX AUTO TECHNOLOGY BIG NEWS : -
LUMAX AUTO TECH to establish JVC in Japan for the manufacturing and sale of electric devices and components.
The company signs JV agreement with the Alps to establish JVC related to the automotive industry.
Expected Target level 200++
Lumax Auto Symmetrical Triangle BreakoutPositional Trade: Lumax Auto breaks out of a symmetrical Triangle.
CMP: 167.25
Stop Loss: 158
Lumax Auto TechKeep on radar as stock is about to give a breakout on trendline and also can give a cup n handle breakout. Enter in trade after breakout or above 174, FIIs are also increasing their stake in every quarter can give more than 50% return in 3-6 months.
Expecting Breakout ✌✌This scrip is expected to give breakout in the coming days as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
lumax auto tech. time to retest 2018 highs of 188..lumax auto tech, is in uptrend, the minor correction seems complete and immediate trgt seems to be 174, crossing which lumax auto can retest the 2018 highs of 188/193..thats our medium trm trgt..
LUMAXTECH Pull back and Cont.Looks good for swing trade LUMAXTECH gave INV H&S BO on Weekly chart
Consolidation on Neckline can be seen.
Sustaining above 166.50 Levels can be good upside move
BONUS // DAILY SWING CALL // Wed 3rd of March 2021 / LUMAXTECHDAILY SWING CALL // Wednesday 3rd of March 2021 / NSE:LUMAXTECH
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 147.65
TARGET: 170+ (15% Around)
STOP LOSS: 133 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
