High Volumes. Near Breakout. Good momentum. Camarilla R4 Breakout.
LUMAX 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++
Positional Trade: Lumax Auto breaks out of a symmetrical Triangle. CMP: 167.25 Stop Loss: 158
Keep 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.
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.
Good in charts forming inverted head and shoulders pattern
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..
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
DAILY 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...
good volume accumulation history with 2 months consolidation breakout with vols
Buy at cmp and add in dips till 130 target 150, 177, 190, 220 Sl 110 dcb