LUX IND major trend reversal risk reward ver much skewed in favour of bulls potential to reclaim ATH in coming several months
LUXIND trade ideas
Lux Industries is showing a bullish trendAfter a prolonged period of consolidation, Lux Industries is showing a bullish trend on the weekly timeframe, indicating a potential uptrend.
Lux industries updateIn my view lux industries has formed its 1-2 and 3 miner wave upside and currently progressing in Wave 4. Here, it should be noted that the price should not enter below the green line support.
Upper target again 2500-2600.
This is not a buy sell hold recommendation. people should ask their financial advisor for any investment related query.
Thank you.
Lux Industries Entered Strong Demand AreaLux industries entered into strong demand area and formed doubl bottom as an additional confirmation. All views are my personal, these posts are not a buy/sell recommendation. Contact your financial advisor before taking any buying decisions.
Lux Industries - Positional TradeLux Industries - CMP 1200
Buy on Dips till 1075
SL CLB 1025
Tgt - 1450-1700
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Naresh G
SEBI Registered RA
Long and Strong - Lux Not advice - only an observation -
Strong signal on weekly charts if we have a cross as shown.
Coppock and Twiggs are both signalling a buy.
LUX INDUSTRIESGood Long Term Stock - till there is any CG issue
Any dip is Add
Target 1 - 1900
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Regards,
Naresh G
SEBI Reg. RA
Lux Industries Ltd (LUXIND) - Potential Double Bottom BreakoutWeekly Chart Analysis
Lux Industries Ltd is showing a promising double bottom breakout on the weekly chart. With the confirmation of the pattern and strong bullish momentum, the stock has the potential to reach the mentioned targets. However, it's essential to monitor the RSI and use proper risk management techniques to safeguard against any unexpected market movements.
Pattern Formation:
Double Bottom: A classic bullish reversal pattern identified with the two equal lows marked as "Double Bottom." This pattern suggests that the downtrend is potentially reversing.
Neckline: The resistance level of the double bottom pattern, identified at around 1,733.25. A breakout above this level confirms the pattern.
Breakout Confirmation:
The stock has successfully broken above the neckline with a significant bullish candle, indicating a potential trend reversal from the previous downtrend.
Targets (T1, T2, T3, T4):
T1: 2,644.50
T2: 3,929.30
T3: 4,326.80
T4: 4,648.10
Indicators:
EMA 10: The stock price is trading above the 10-week EMA (1,731.02), which is a positive sign.
RSI 14: The RSI is at 77.18, indicating strong bullish momentum but approaching overbought levels.
Risk Management:
Stop Loss: Placed below the neckline at around 1,399.25, to protect against false breakouts.
LUXIND for LONG termLUXIND on BEST ZONE
the Buying range is gone but one can manage their risk as per the view
Lux Industries - Rounding bottom with huge volumeClear rounding bottom with low volumes.
Targets(T1, T2, T3, T4 & T5) mentioned along with expected time frames. Adding stop loss from now on(marked as SL).
Disclaimer: No recommendation
LUXIND-long for 30 %moderate valuation at current price
stock nearing 52 week high zone
price>18>50>100>200 day EMA
12-26 MACD cross over
target and SL marked
LUXIND Update ChartLUX IND WEKELY CHART UPDATE
FIRST TGT Done Second TGT 2092
Third 2400 and Go on with tralling stop loss
Stock for education This stock has strong volume comes after long time..
We give all stock for education purpose
Before breakout
Investment Pick!! Trend Reversal !!🟢Its trading much below the ATH price. Weekly RSI crossed 60.
🟢1M chart indicate capitulation and trend reversal near 1000.
🟢Momentum invest trend follower given buy signal in W chart.
🟢Invest in LUXIND @1530. Add on decline @1250 SL=1050 MCB.
Lux Industries Is Going For A ReversalNote :
It is coinciding with channel bottom
When the indicators also coincide with the channel bottom, it is time for a long term reversal.
You need these indicators. Hope you watch our videos where we explain in details
Short Term Swing Trading Idea in LUX Industries for > 10% UpsideHi,
An bullish on-neck Breakout pattern emerged on the Daily chart of NSE:LUXIND
MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
Lux Industry Lux Industry has just broken resistance and a flag pattern breakout.
Note: This is not a recommendation.
Lux industries | Bottom is made ? W pattern bottom
Volume good
Fundamental good
Decrease due to decrease in the overall industry
At great valuation
Trendline support on monthly time frame.
Lux Industries LtdAn Indian Brand.
Promoters holding good & no promoters pledged.
Reserve is more than Debt.
Making double bottom on weekly chart.
Demand zone marked as green shaded horizontal area near 1000.
Stoploss marked as orange horizontal line.
Resistances are marked as red horizontal lines.
A small support is marked at 650 as green horizontal line.
Levels:-
Buy 650 & 1000
Stoploss 500
Swing Tgts 1664 - 2017
Long Term Tgts 3331 - 3842 - 4348
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Lux IndustriesPlotted is my customized indicator Rekhi 144 shows every thing at one go.
Please read the notes on the chart and act accordingly.
Disclaimer:
I am not a registered analyst with any of the national or international regulatory authority. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. This is only for educational purposes.
Let you grow. May! I follow you.
LUXIND LONGThe Elliott Wave Structure refers to the pattern and organization of price movements in financial markets, as described by the Elliott Wave Theory.
According to the Elliott Wave analysis, the stock has finished wave (1) and wave (2) on the daily chart. At present, it seems like wave (3) is in progress, with the possibility of extending up to 161.8% of the length of wave (1) from the lowest point of wave (2).
Wave (3) is expected to consist of about five subdivisions. The study suggests that wave (i) and (ii) have concluded, indicating the likelihood of additional upward movement.
The third wave in Elliott Wave theory is frequently characterized as the most powerful wave. It is the main factor that causes prices in a trending market to move strongly and consistently in the same direction as the trend. Traders and investors frequently seek opportunities to profit from the substantial price increases linked to the third wave.
The concept of the Third Wave in Elliott Waves refers to a specific phase within the Elliott Wave Theory.
Level of Invalidation
The invalidation level at 1111 has been determined as the starting point of wave (1). Should the price drop below this threshold, it could suggest a deviation from the anticipated Elliott Wave pattern.
I am not a registered Sebi analyst. My studies are purely for educational purposes.
Before trading or investing, please consult with your financial advisor. I am not accountable for your profits or losses in any way.
Thanks
VJ
