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...
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...
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...
SA 2865
TARGETS 3265-3400
SL 2478
Lux Industries Ltd. announced its results for the quarter ended December 2021 and has reported robust performance for the quarter ended December 2021.
Lux reported revenue of Rs 668.01 crore for Q3 FY’22 as against Rs 539.79 crore for Q3 FY’21, reporting growth of 24% YoY. Its revenue for the 9M period ended December 2021 was...
