Lux Industries chart if back-tested shows that it has traded in a range between two price points 1123 and 1559. The range is around 40% wide and today the stock has touched the bottom of the range. After touching this price it has touched 1559 in a short period of time in the past for a total 4 times. The years in which the range was covered are 2017, 2019,2020...
In lux industries it seems some buying is taking place as per chart. the price going down but the indicator is not agreeing to the price.
We may witness some pullback. I try to forecast the prices by looking at historical prices. And this is only a view.
This is not a recommendation at all. I am not a qualified technical analyst. please take the advise of your...
Happy Deepawali to all of you
I wanted to share some exciting investment insights with you, and I want to preface by stating that I am not a financial advisor, and the information provided here is solely for educational and informational purposes. Please conduct thorough research and consult with a financial professional before making any investment...
Hello everyone,
I've recently analyzed Lux Industries' stock chart using Elliott Wave theory, and I'd like to share my findings with you.
On March 31, 2023, the stock reached a low of 1111, which appears to mark the end of wave 2. Since hitting that low, the stock has initiated a minute wave 1 and is currently in the process of forming wave 2 of minute...
NSE: LUXIND is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain...
I'm totally bearish on this stock because
It is already down by 67% from it all time high
It is tried to go up but it fails and making a marubazu bearish candle on weekly timeframe
A small cap company with strong fundamentals.
Technically neutral as price is consolidating near KEY SUPPORT level at golden FIB zone after a long term downtrend.
Bullish divergence with RSI indicating the price is bottoming out in confluence with the edge of the pitchfork.
Good to accumulate around 1630-1730 levels for the following targets:
Short term swing...
