Stock to buy - Lux Industries
https://www.tradingview.com/x/4755vbuX/
I have tried to simplify the analysis by plotting my own indicator (Rekhi144).
1. It is showing base at 1300 (Chart Pattern Tipple Bottom) with present resistance at 1344.
2. Here we will analyze the stock from the angle of Smart Money and Retailer as well.
a. Smart Money's thinking - Buy immediately - at the beginning of the market, because they know in which direction they have to take it up - to.
b. Retailer's Psychology - Be cautious and go slow - have sure profit (may be less) and avoid losses.
We being the retailers will go slow. Watch the movement till 11:04 a.m. then buy. Be alert- today is the last day of the trading week, month and the year as well. Upward big movement for the stock is sure but we will go in systematic manner.
Conclusion: Buy only above 1300. Watch time candles mentioned above. Let Price levels be maintained above 1287 to 1293 keep stop loss a little below 1283 and buy above 1300 and keep target open.
Note : Your trading view time to be set at UTC +5:30 time setting.
Still have a question? Please write to me in the comments. I am duty bound to answer all your valid questions. This is the only way we can learn and grow.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
I have tried to simplify the analysis by plotting my own indicator (Rekhi144).
1. It is showing base at 1300 (Chart Pattern Tipple Bottom) with present resistance at 1344.
2. Here we will analyze the stock from the angle of Smart Money and Retailer as well.
a. Smart Money's thinking - Buy immediately - at the beginning of the market, because they know in which direction they have to take it up - to.
b. Retailer's Psychology - Be cautious and go slow - have sure profit (may be less) and avoid losses.
We being the retailers will go slow. Watch the movement till 11:04 a.m. then buy. Be alert- today is the last day of the trading week, month and the year as well. Upward big movement for the stock is sure but we will go in systematic manner.
Conclusion: Buy only above 1300. Watch time candles mentioned above. Let Price levels be maintained above 1287 to 1293 keep stop loss a little below 1283 and buy above 1300 and keep target open.
Note : Your trading view time to be set at UTC +5:30 time setting.
Still have a question? Please write to me in the comments. I am duty bound to answer all your valid questions. This is the only way we can learn and grow.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
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