Swastik24

LUX INDUSTRIES Trend Analysis

Long
NSE:LUXIND   LUX INDUSTRIES LTD
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 target @ 3500 (106% ROI)

Medium term swing target @ 4300 (153% ROI)

Long term positional target @ 5460 (221% ROI)

Do your own due diligence before taking any action.

Peace!!
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