#LUMAXTECH (Weekly)⚡️Stock trading near ATH
⚡️Good Quarterly Results
⚡️Surfing along 21 WEMA
⚡️3 months tight range
⚡Rectangle Pattern
🔴 SL 360
🟡 CMP 372
🟢 TGT 410/465/558
1.17%
13.45INR
928.753MINR
18.475BINR
30.003M
About LUMAX AUTO TECHNOL
Sector
Industry
CEO
Vikas Marwah
Website
Headquarters
New Delhi
Employees (FY)
923
Founded
1981
ISIN
INE872H01027
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.
Navigating the Waves of Automotive ExcellenceLumax Auto Technologies Ltd.: Navigating the Waves of Automotive Excellence
Let's dive into the world of Lumax Auto Technologies Ltd., a stalwart in the realm of automotive components.
About Lumax Auto Technologies:
Lumax Auto Technologies Limited, a proud member of the Lumax-DK Jain Group, st
LUMAXTECH Swing TradeMultiyear Breakout - Done.
Small Retracement - Done.
Bullish engulfing on Monthly Time Frame.
Bullish on Weekly Time Frame.
Trend line broken on Daily Time Frame.
Risk to Reward very good.
Excellent stock to Buy and Hold for 6-9 months.
A simple and easy understanding chartStock has given previous high breakout on monthly and retested the breakout levels. After retesting it has started its journey to North again.
My target will be 400 in 3months.
Q4 has been better it seems.
BREAKOUT, LUMAX AUTO TECH, 47% RETURNSBUY - LUMAX AUTO TECH
CMP - Rs. 375
Target - 1: Rs. 477
Target - 2: Rs. 551
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Timeframe - 4-8 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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LUMAXTECH - Long Setup, Move is ON..NSE:LUMAXTECH
✅ #LUMAXTECH trading above Resistance of 308
✅ Next Resistance is at 368
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Discl
LUMAXAUTO*Lumax Auto*
Study - Rounding Bottom Pattern
-- Had a breakout of Demand zone with high volume
-- Had a retest with high volume near previous demand zone
-- Reversal from Demand zone near 300
Target - 350+
SL - near 275 zone
This chart is only for educational purpose. Do your own study before t
Lumax Auto Tech : Multi year BreakoutLumaxTech gives multi year breakout. Buy when it retest or re-traces to breakout levels
LUMAXTECH: New fresh breakout with ATH 1. Fresh breakout with ATH breakout
2. Big rounding bottom pattern
3. Candle close shows strength in the move and dominance of bulls
4. Trend is up
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed t
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