Accumulate between 1200-1300!!
Target:1900/2200/2500
csl: below 900
time frame:12-15 months!
industry: light supplier to auto two wheeler and four wheeler and commercial vehicle.
The stock witnessed a sharp breakout couple of days ago from a nice volatility contraction pattern. Am interested in buying this one on a fresh breakout to new highs. Lovely price and volume action.
Perfectly formed Flag pattern has given a breakout today. One can buy the stock for a target of above 1250 applying stop loss 1050(Closing Basis). The pattern formed at the year high level mostly performs better.
Lumax Industries Ltd. is a holding company, which engages in the manufacture, trading, and supply of automotive lighting systems for four wheeler and two wheeler vehicles. Its products include head lamps, rear lamps, sundry lamps, and auxiliary lamps. The company was founded by Sagar Chand Jain in 1945 and is headquartered in New Delhi, India.
LUMAXIND
