Swing Trade in LAXMI ORGANICLaxmi organic ready for breakout.
Breakout leval 455 if clossed above
Next leval 480/500 +++ sl maintain below 420 dcb
Taken good support on 20 ema.
For educational purposes.
Any query contact me.
LXCHEM trade ideas
LXCHEMNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Tradin
Laxmi organics weekly candlesticks with levelsLaxmi organics from 160 to 640 and down to 50% retrace level388 . it is facing resistance 438 area on daily and weekly closing basis . now with ended week it made morning star pattern on weekly chart with range 388-456. which one can consider bullish reversal in down trend . as it is above 10& cmp 432 near 20 dma but 50 dma resistance placed around 456 upper range-area. so no view but to observe price movement .
posted as learning through sharing
LXCHEMA well corrected stock ready to rock again.
Laxmi Organics A close above 440 Is required.
Targets Short term - 1) 530 2) 600
Bye and hold stock.
#buy #stet invested.
Laxmi Organics ViewLaxmi Organics takes support at 50% level of FIB & RSI didn't fall despite price fall, After broke the 50% level can test 359 price, But 50% level most of times gives strong support, Can reverse the trend in upside after breaking the trendline. Let's see Hope this level will work.
consolidation at 0.6 fibstock after falling from recent all time high now at 0.6 fib level of trend high low
if uptrend shown in stock will be with high force
Laxmi organic BullishTriple Bottom Seems in Laxmi Organic Concentrate if price sustain above 441 momentum may continue
lxchem cmp 435 lx chem look good for positional swing trade.
stock has made short term bottom formation on date 29/11/2021
and next 3 day attempted rally
finally follow trhought day happned with incresed volume
risk managment will play key roll here marked part entry for entry for first 50%
later balance 50% can be enter at re test of pattern or on momentum up side confirmation
Laxmi OrganicI am sharing my trendlines in this chart so that you can take informed decision accordingly. The company is fundamentally sound, however, I feel a sharp rise in stock price has lead to a sharper correction in this counter. The whole chemical pack is under pressure currently.
Laxmi OrganicsAll levels marked on chart
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing
LAXMI ORGANICSNSE:LXCHEM is a good company from the chemical sector.
on daily time frame stock is making rounding pattern.
and taking strong support from the 404 level. and, it has made morning star at the bottom of the trend.
one can buy this stock for a short-term target of 563.
#Laxmi Organic bullish harmonic#Laxmi Organic bullish harmonic
(Long term investment in CASH)
Target - 483,512,539
PRZ-393.25
Sl -353
CMP:431 @7 November 2021
LAXMI ORGANICS LTDWill this bullish hammer candle become trend reversal..? Well yes it might be if you can see the laxmi organics is near it's support zone and it may take support of 474 if it can it's good for short term period for target of 510, 530 & 550 it is also taking support of 100 EMA safe buy when RSI break it's trend line
LXCHEM in PoleFlag brokedownexpected a breakout in this counter. but it broke down. support can be seen at 370-400 range.
LXCHEM in PoleFlagit shows symmetrical triangle and pole flag pattern on daily chart. have it on watch list for a potential 60% upside.
LXCHEM (Laxmi Organic Ind) for Swing TradeSeems like Lxchem is making a triangle pattern & Was at Support Trendline we will enter with confirmation above 550 level by keeping 595 as 1st TGT & 625 As 2nd TGT. Sl if the candle closes below 528 level and it's low Break.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
>> Visit My Ideas Page for Daily Stock Analysis, Follow for Live Updates. <<
Laxmi OrganicI have made a complete Stock Analysis video on the same on my YouTube channel, this chart will compliment that video. Laxmi Organic is a chemical company primarily involved in Acetyl Intermediates and Speciality Intermediates. They are also looking to foray into Fluorine Chemistry in the future.
