LXCHEM trade ideas
Laxmi Organics going for 500 ? #laxchemBullish flag pattern breakout. Heading for 500.
Portfolio stock. Monopoly business in some segments.
Note:
Not sebi registered, do your due diligence before taking position.
Bull Flag Pattern Spotted - Dont MissLaxmi Chemicals more than doubled its EPS this quarter and the pattern formed is bullish too.
how i captured breakout of lx chemlearn how breakout was lx chem was captured with sl and then tsl and finally target booking
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...
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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...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
LXCHEM SMALL SWING TRADEStock looking good for a small swing trade for the given targets. keep a small stoploss of 355.
LXCHEM Trend Analysis LXCHEM
1. all time high stock histrical target reached
2. possible for trend resversal or retracement level
LaxmiOrganics :Big moves post IPO raleyLaxmiOrganics :Big moves post IPO rally. probably late for an entry now. But could wait for next consolidation to see if makes another
explosive move like last 2 times. do it at our own risk appetite on liquidity and volatility as stock is infant.
Laxmi Organic Industries Ltd Long SetupLaxmi Organic Industries Ltd Can go long at 275 with stop loss of 250. Target 300 and 325
LXCHEM Bullish Trend Analysis LXCHEM
1. rising wedge pattern breakout done.
2. histrical level 339 to 345 expect level
3. chance for small healthy retracement possible wait trend resversal accmmulation area start up wait for confirmation
Weekly Flag Pattern BreakoutThe stock has managed to give a "Flag Breakout " from the 260 levels indicating resumption of previous uptrend.
With current weekly close, the stock has surpassed its previous three weeks high's which signals increasing strength
On the daily chart 20 day and 200 day SMA golden crossover supports bullish sentiments.
On the weekly chart, the stock continue to scale upward forming higher tops and bottoms.
the weekly momentum indicator stochastic has turned bullish along with positive crossover er which supports increasing momentum
The above analysis indicate an upside of 300-310. time period is 3 to 4 weeks
LAXMI ORGANIC: GOOD FOR PART ENTRYLAXMI ORGANIC LOOKS GOOD TO ENTER AS VOLUMES WILL PICK UP PRICE WILL MOVE
LAXMI ORGANICSLAXMI ORGANICS
FLAG AND POLE formation
CMP 230
FLAG RESISTANCE : 235
TARGET : 280
TIME REQUIRED : 10 DAYS
for educational purposes only
LXCHEM: Base formation
Buy Range: weekly close above trendline
Sl: 8% max
Note: Not a SEBI Registered analyst.
Take the trades at your own discretion.
LXCHEM Triangle patternNSE:LXCHEM as follow the drawn pattern from its listing.
if it gives breakout it will easily reach 275 levels
This is only for education purpose.
LAXCHEM May 2021 End 🔥Pennant Continuation pattern break visible on daily chart.
You can also see a bull flag pattern broken.
Can see upside upto 241 in the next week and another upto 256 if volume continues to support.
