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...
📊 Strategic Stock Analysis 📈
Optimal Buying Level within the current CMP range.
🔵 Immediate Support Range: 1340 to 1355.
🟡 Next Support Range: A pivotal "Make or Break" zone at 1090 to 1110.
🎯 Initial Target and Resistance Range: 1650 to 1709.
⚖️ Breakthrough above 1710 may pave the way for a significant move towards 2300.
🚀 A notable Cup and Handle...
After a long sideways range stock breakdown
Price below 200 DEMA means long term trade is Bearish
Shall fall came upcoming days
Don't create long position
Macd very Bearish
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
Key Levels:
Support: 2490 to1510
Resistance: 1605 to 1630
Major hurdle: 200 EMA should cross and close above.
Significance of the 200-day Exponential Moving Average (EMA):
1. **Trend Identifier**: The 200 EMA helps traders identify the overall trend of a financial instrument - above it indicates a bullish trend, and below it signals a bearish trend.
2. **Key...
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...
Lux Industries, a leading knitwear brand, has undertaken a three-pronged strategy to achieve a turnover of Rs 1,000 crore by FY26. The company had clocked a turnover of Rs 550 crore in FY22 and has been growing at a rate of 10% -12% over the last three years.
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
It seems Lux Industries has completed its
bearish sequence as per the chart structure.
The instrument had completed its bull run near
4644 as all time high. And now its bottoming out
at the current levels.
Accumulation for Short term, medium term,
and long term may be initiated in cash holding.
Kindly do your own analysis before any trade execution. Take the...
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...
lux industries a strong growth company is in downtrend channel trying to break the trend buying oppurtunity in lux industries at the price of 1800 with sl of 1720 for the targets of 2000, 2200 if price sustain above 2200 (above 200dma) then stock can go upto 3500 time duration 3 to 6 months.
