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LAXMI ORGANIC INDUSTRIES LIMIT

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LXCHEM trade ideas

LXCHEM - HOPEFULLY THIS TIME IT GIVES BREAKOUTHello, Everyone. I hope you all will be doing well in your life and investing. Today I brought another stock with an investment idea that had been consolidated for a long time. Now it looks like that stock is ready to break out. CMP is 275, and 244 and 230 are strong support. Upside 281 and 310 are strong resistance. If it breaks, then no stop after that. Targets are as per Fibbo. Lets see… It's just an assumption. Please do your research. Not a suggestion of buying. I’m posting just to keep my track record. Which can boost my confidence in the future. Source: Screener.in Laxmi Organic Industries Ltd About Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited. The company’s business operations are carried in over 30 countries including 11 offices located in India Key Points Leadership Top supplier in India and amongst top 3 players globally (ex. China) in Essentials and among top 5 globally in Specialties. Product Portfolio Company offers a product portfolio, including Acetyl Intermediates, Specialty Intermediates, and soon-to-be-launched Fluorine Intermediates. It serves various industries, including Pharmaceuticals, Agrochemicals, Inks and Paints, Coatings, Printing, Packaging, Adhesives, Dyes and Pigments, Flavour and Fragrance, etc. The company has 50+ products in its portfolio. Revenue Split FY24 Essential - 35% Specialty - 67% User Industries Essentials - Pharmaceuticals, Agrochemicals, Inks & Paints, Coatings, Printings Packaging Adhesives, Fragrance & Flavour Specialties - Pharmaceuticals, Agrochemicals, Dyes & Pigments, Fragrance & Flavour, Electronics, Thermal Fluids, Paints & Coating, Flame Redundant Geographical Split FY24 India - 70% Export - 30% The Company has presence in 52+ countries with operations in Europe, China, and others reaching 620+ customers through exports in FY24. Export Split FY24 Europe - 32% Rest of Asia Pacific - 19% Africa - 8% America - 26% Middle East - 14% Industry wise split FY24 Pharma - 43% Printing & packaging - 30% Agro - 11% Colour & Pigment - 15% Manufacturing Facilities The company has 4 Manufacturing facilities, for the Acetyl Intermediates (AI), Speciality Intermediates (SI), and Fluorospeciality Intermediates (FI) businesses and 2 Distilleries for manufacturing ethanol, located in Satara and Kolhapur, Maharashtra. The Company's AI capacity exceeds 2,32,000 MTPA. 1 Mahad has 2 plants with Product Mix of Essentials – 60%, Specialties – 40%. 2 Dahej - As of FY24, the land is only 20% occupied. Proposed product mix is Specialties (65%), Essentials (35%). Production will commence in Q1FY25. 3 Lote - As of FY24, the land is only 50% occupied. It only produces Specialties (100%) The company also has third party storage tank agreements in Italy, Belgium and Netherlands. The company has offices in China, Netherlands and Italy.` Capex The company is planning to invest ~Rs. 550 crs. in Lote facility and Rs. 710 crs. in Dahej facility. Bhoomi Pujan done at Dahej site in May,24. Merger The company has proposed to merge its WOS Yellowstone Fine Chemicals Private Limited. YFCPL has been engaged in the business of manufacturing of fluoro specialty products and other chemical products. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:LXCHEMLong
by Alleyshah
LXCHEM LONG | TECHNO FUNDAMENTALSHello fellow Investors and Traders, Investing is an Art and Analyzing is the artwork LXCHEM is poised at a crucial pivot point. Golden Cross on Daily Timeframe is a good indicator of momentum Stock has tested the critical selling levels of 320 and shown a sharp pullback towards the support levels of 290 ( Complete dominance of Sellers exhibited) 290 levels mark the presence of Buyers. It will be interesting to watch the stock spend some time here and that will show the strength of buyers and level Close above 290-300 range would establish the trade initiation This is a mid-term positional trade and hence patience is expected for returns Stop Loss is approx. 9-10% at 266. 50EMA and 200EMA will prove as string supports and hence SL place a few points below T1, T2 and T3 are marked on charts Potential Returns approx. 33% R2R 1:3.3 Note on Fundamentals : Key Ratios and Fundamental Health Checks look good as well Plan Your Trades and Trade Your Plan...I'll Keep this forum update when I jump In
NSE:LXCHEMLong
by FourSTechnicalAnalysis
LXCHEM - Rounding Bottom Formation🔊 LXCHEM - Rounding Bottom Formation LXCHEM - Laxmi Organic Industries Ltd ⌛Duration - Short Term (4 month to 8 month) 📊📈 Trade Logic - Rounding Bottom Formation CMP - ₹297.80 Time Frame - Weekly 🎯Target 1 : ₹380 🎯Target 2 : ₹425 🎯Target 3 : ₹470 🎯Target 4 : ₹540 🛑 Stop : ₹245 🏆 Risk/Reward Ratio (1: 4.5) Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:LXCHEMLong
by Profit_Trader25
2
Laxmi Organic IndusTechnical Analysis Overview : The stock price has been fluctuating within a range of 236 to 290, with a well-established support level at 220. Recently, there has been a notable 60% increase in weekly trading volume compared to previous weeks. Additionally, three key resistance levels /targets (R1, R2, and R3) have been identified. Positive Indicators : 1. Strong Buyer Momentum : The MACD on both the weekly and monthly charts indicates robust buyer support, suggesting positive momentum in the stock’s price movement. 2. Price Stability Relative to the 21 EMA : On the monthly chart, the stock price has remained relatively close to the 21-day Exponential Moving Average (EMA), which aligns with the positive signals observed in the MACD. This suggests that the stock's upward trend is sustainable and supported by underlying momentum. Potential Risks : The primary risk to the stock’s upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the Index and geopolitical tensions, such as the ongoing conflict between Israel and Iran. Disclaimer : This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:LXCHEMLong
by sandeepbalachandran
Laxmi Organic - Bullish Divergence and Breakout from TriangleWeekly Chart Insights: Symmetrical Triangle Pattern: Over the past years, Laxmi Organic Industries Ltd has formed a symmetrical triangle. Breakout Confirmation: Recently, the price broke above the upper trendline of the triangle. Retest of Breakout: The price action is retested the breakout at the Trendline and has moved upwards now. Bullish Divergence: Time Period - 26 March to 12th May Lower Low in Price - Price went from 235.2 to 228.5 Higher Low in RSI - RSI went from 37.2 to 37.6 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NSE:LXCHEMLong
by gurinder1988
LAXMI ORGANICS - Start of New Bull Run?The stock has undergone a correction since 2021 after reaching its all-time high. Upon analyzing the correction, it appears that wave ABC has concluded at the 225 levels. The internal waves within ABC adheres to the Fibonacci ratio, with wave C being approximately 100% of wave A. The stock found support at the minor wave 2 of the major wave 3 from the previous bull run, positioning us at favorable levels in terms of risk and reward. Currently, it seems that we are in the initial stages of the major wave 1 of the upcoming impulse or bull run. To approach trading this situation, we can establish our position in two phases. The first part can be initiated at the current market price, followed by the next position once a retracement to the 38%-50% range occurs after reaching our minor wave 4 level of 395. The wave counts, entry points, stop loss, and target levels are all indicated on the chart. Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise
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NSE:LXCHEMLong
by harshit22
4
Breakout Alert! Laxmi Organic Industries Ltd Hello, traders! I’m excited to share my latest analysis of Laxmi Organic Industries Ltd. This stock is currently showing some intriguing patterns that could signal a major move. Let's dive into the details together! 🧩 Multiple Pattern Breakout 🧩 Laxmi Organic Industries Ltd. has been consolidating after a significant downtrend, forming several classic chart patterns during this phase: Triple Bottom Pattern : This bullish reversal pattern indicates that the stock has found a strong support level and is ready to move higher. The triple bottom often forms the lower boundary of a rectangle pattern. Rectangle Pattern : This continuation pattern shows that the stock has been trading within a defined range, waiting for a breakout. Descending Triangle Pattern : This bearish pattern has been invalidated, as the stock broke out to the upside with strong volumes. 💡 Key Breakout Levels 💡 Yesterday, Laxmi Organic Industries Ltd. broke out of the descending triangle pattern with good volume. Today, it has breached Triple Bottom Pattern neckline and critical zone that has acted as both support and resistance multiple times in the past. 📊 Strong Financial Performance 📊 Laxmi Organic Industries Ltd. also boasts solid financials, adding to its appeal: Net Profit Growth : There is a notable growth in net profit with increasing profit margin (QoQ). Revenue Growth : The company has shown increasing revenue every quarter for the past two quarters. Profit Growth : Profits have been increasing every quarter for the past two quarters. Institutional Confidence : FII/FPI or institutions have been increasing their shareholding in past quarter. 🚀 Trade Setup We can plan a buy trade if today's high is broken. For a safer entry, wait for tomorrow’s 1-hour candle to close above today's high before entering the trade. Here's how to manage your trade: Stop Loss (SL) : Place your SL below today’s low with a buffer. Target : Aim for at least a 1:3 risk-to-reward ratio. You can also set targets based on the patterns. This analysis is for educational purposes only and is not intended as a trading or investment recommendation, as I am not a SEBI registered Analyst. 📝 Final Thoughts Trading is a journey filled with learning and growth. Remember, patience and discipline are key to success in the markets. 📊 Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions.
NSE:LXCHEMLong
by AfnanTAjuddin
1