RANGE BREAKOUT - GOOD CHART PATTERN
Buy@CMP
TARGET 1 - 165| TARGET 2 - 182
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be...
Resistance of 145 hit up several times but seems to get break tommorrow for a new zone.. keep on radar once cross 145 gonna have 10% returns in one or two days! Happy earning
This scrip is expected to give breakout as it is on the verge of breakout . So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
On the weekly TF LUMAXTECH is on the cusp of breakout with good volumes after the formation of cup and handle pattern.
Keep an eye on it!
Keep supporting! Keep learning! Keep earning!
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in...
Lumax Auto Technologies is forming an inverse head and shoulder pattern on the daily time frame.
Price has shown strength with strong closing with good volumes.
SL 158
Target 206
LUMAX AUTO TECHNOLOGY BIG NEWS : -
LUMAX AUTO TECH to establish JVC in Japan for the manufacturing and sale of electric devices and components.
The company signs JV agreement with the Alps to establish JVC related to the automotive industry.
Expected Target level 200++
This stock has formed the classic cup and handle pattern indicating a possibility of a breakout.
Stop loss can be maintained at 158, which is the bottom of the handle.
Supporting Technicals:
RSI: 65.6 ( Bullish but not overbought)
MACD is above its center and signal Line, this is a bullish indicator.
P.S: This idea is for educational purposes only and should...
Keep on radar as stock is about to give a breakout on trendline and also can give a cup n handle breakout. Enter in trade after breakout or above 174, FIIs are also increasing their stake in every quarter can give more than 50% return in 3-6 months.
Lumax Auto Technologies Ltd. engages in the manufacture and trade of automotive components. Its products include two-wheeler chassis, electrical and electronics components, gear shifters, intake system, integrated plastic modules, and oxygen sensor. The company was founded on October 30, 1981 and is headquartered in New Delhi, India.
NSE
