#Consolidatiom of approx. 5years.
#Breakout_Stock at level of 2400.
#Reversed back to retest breakout level.
#Close below 2350 will invalid stock breakout stock
#Fundamental of stock is good.
#FII_DII increases their stock.
#Investment_Stock
Clear breakout after five years seen on the share. with the relative strength strongness, RSI, both chart is above than 60. revenue and return on share also quarterly by quarterly strong from here no doubt this is. unstoppable.
Just a view educational purpose ONLY 2% sl below the red line close candle out... above the blue line close or EOD trading above the blue line is my entry
The idea here is about Lumax Industries:
The Company offers a range of complete automobile lighting systems and solutions, which includes head lamps and tail lamps, sundry and auxiliary lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a range of applications.
Mentioned below are the points...
Hi,
Overview
Weekly Chart/ Daily : Main trend is in uptrend, last resistance has been broken with good volume. .
4H / 1 H: I usually be more interested into any trade in these time frames only. On 4 H, last candle is with good volume & having upper wick, represents a price rejection at upper levels.
It could be possibility that price might come & check last...
Previously we saw Trend Continuation Hint in form of Hidden Bullish Divergence.
N Wave is completed and By this week completion if Top is not breached then it will be a Bull Fractal formation.
We might see Some Drop from here on since already N Wave is completed.
Next Rally will be resumed once Stock breaches This Bull Fractal that stock forms.
Conservative...
