Laxmi organicsConsolidating 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
LXCHEM trade ideas
Laxmi Organic Industries LtdIt 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 horizontal line.
Resistance Trendline (Yellow) is marked for Breakout Trade.
Positional & Long Term:-
Buy 230 - 187
Stoploss 170
Tgt 320 - 387 - 437 - 494 - 565 - 628
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.
LXCHEM reversing from supportLXCHEM 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.
Laxmi Organics, CMP 282, Target 400, Turnaround in ChemicalsThe stock has seen good consolidation and making higher lows in Daily timeframe. Good volume based accumulation seen. Will pick up momentum above 320.
Laxmi Chemicals - Symbol: LXCHEM
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 grow.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Laxmi Organics: Trading near breakout zoneChemical sector is doing well from couple of week. Laxmi Organics is also looking good on weekly time frame. Keep on radar for breakout.
LXCHEM - Bullish Consolidation with VolumesNSE: 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 deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
LXCHEM#LXCHEM is forming VCP on the daily chart. Add the stock to your watch list as a good move is expected soon.
LXCHEM - SWING TRADE - 3rd December #stocksLXCHEM (1D TF)
Swing Trade Analysis given on 3rd December, 2023 (Sunday)
Pattern: ASCENDING TRIANGLE
- Volume Spike Buildup Near Resistance - Done ✓
- Neckline Breakout - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #lxchem
Laxmi OrganicsPrice abv 20-50 on weekly.
Indicator is positive.
Positive volume break out.
Go long for investment.
After consolidation there is a break out
Laxmi Organics breaking trendSimple trendline analysis shows Laxmi Organics and Chemicals breaking the trendline and re-testing it. Long term pick
Short Term To Long Term TradeIts 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
Laxmi Organic, Chart Structure and Important LevelsThe 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 the level of 270 and for confirmation of a uptrend the price has to breakout the level of 300. Currently we are in the neutral zone.
Hit the like button!! Show some energy!!
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes.
Thanks
Er. Simranjit Singh Virdi
Will Laxmi Organic give you Laxmi in long term? Let's See...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 was consolidating in a range only, but now we have seen Shooting star candlestick pattern in this on downside. So I am expecting moment in this for upside in coming few weeks.
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.
Market Cap
₹ 7,847 Cr.
Current Price
₹ 285
High / Low
₹ 333 / 220
Stock P/E
79.7
Book Value
₹ 53.2
Dividend Yield
0.18 %
ROCE
11.5 %
ROE
9.18 %
Face Value
₹ 2.00
Debt
₹ 406 Cr.
EPS
₹ 3.71
PEG Ratio
7.68
Promoter holding
72.4 %
Intrinsic Value
₹ 95.8
Pledged percentage
0.00 %
EVEBITDA
34.5
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
LXCHEM looks good for swing tradeIt 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.
Bullish on LXCHEMSwing stock for week:- LXCHEM
Buy above 280+
SL 267
TARGET 320
Disclaimer:-This is not a buy and sell tip it's only for educational purpose analysis.we are not responsible for your profit and loss.
#Swastik_capital
LXCHEM - Weekly AnalysisIn the Weekly Chart of LXCHEM ,
we can see that, after applying FICO, it immediately showed a bounce back after crossing the last support level.
it has retested the trendline.
Expected momentum is shown in chart.
Bullish view on LAXMI Organic Industriues
Breakout of the 200 EMA with volume ensures that the view is bullish now.
Can enter @285-290
Target 310, 320++
Remember that this is a simplified trade idea, and actual trading involves a more in-depth analysis of technical, fundamental, and market factors. It's essential to conduct thorough research and possibly consult with a financial advisor before executing any trades.
LXCHEM#LXCHEM - is now making HH on the daily chart. The longer-term trend has changed to bullish recently. If you are considering entering the stock, buy it in chunks to get a better risk reward.
Laxmi Organic: Attempting break out on weekly time frameLaxmi Organic is looking good on chart. Stock is attempting breakout on weekly time frame. Keep on radar.
Laxmi Organic - Bullish Pennant PatternLaxmi Organic - CMP: 257
Technically:
Falling Channel Pattern Breakout
Reversal Candle
Forming a Bullish Pennant Pattern
Target 1: 295
Target 2: 320
Target 3: 375
Stop Loss: Below 240
Laxmi organics Laxmi organics breaks trend line resistance, and retest made for trend line breakout at last circle. Made consolidation and then again breakout, confirmation for a caped downside, by keeping sl near 264 which is breakout candle low go for, First target 380 , second target 490.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Cup & Handle
📌 Symbol/Asset: LXCHEM
🔍 Description:
Moment Stock with Strong Breakout
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
