Laxmi organic in descending triangle formation continue to respect 225 support zone. Breakout zone above 274 that will open for targets of 321/348 and long term 471
Consolidating since long time now breakout above levels of 320 may put stock in momentum.stock is under correction since a very long time now. 220 is a major support
It is in the business of specialty chemicals.
Fundamentals:-
Debt is less than reserves.
Dividend giving stock.
ROCE & ROE ok.
Promoters holding is Good & No promoters pledged.
Technical:-
Demand Zone is marked as Green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Support is marked as green...
LXCHEM price is touched support and reversing to bullish
resistance trend line is near by , so do quick target at resistance line
support below will be SL.
quick swing trade.
Bullish above 300. Keep on radar. Buy only after high of 29th December 2023 is broken. Long term Bullish. Will post you the development.
Note : Your trading view time to be set at UTC +5:30 time setting.
Still have a question? Please write to me in the comments. I am duty bound to answer all your valid questions. This is the only way we can learn and...
NSE: LXCHEM is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on...
Its Only For Educational Purpose:-
NO STOP LOSS STRATEGY
If Stock Goes 5 % Below 1st Entry- Go For Average-
ENTRY-1-@ 265
ENTRY- 2-@279
TARGET- TWO
1st At 279
and 2nd @ 338
The price is following a symmetric triangle pattern. Now the price is trading near the lower leg and, the convergence and degree of ema bands also indicates a downtrend could continue. Also its important to mention that the breakdown or breakout of a triangular pattern indicates the start of an trend, but for confirmation of a downtrend the price has to breakdown...
Good Morning Traders and Investors,
I hope you all will be doing good, i have brought an ideas on any stock after few days. Well you all guy's are familiar with this triangular pattern as i have explained many times before in other stocks. Here we have seem same pattern in Laxmi Organics, But after giving breakout price has not moved much for upside, and price...
It has formed a very good uptrend pattern and afte a pullback it has also shown a breakout and retest. It looks good for short-term trade. Buy at your own risk.
