Laxmi chemical is at multiple support. Here's the technical analysis for Laxmi chemical. If it breach either side of the trend line, we should adjust our trading strategy accordingly.
Another chemical stock from cash segment, which gave massive return after ipo launch abt 335% ..from low 143.15 to 623.70...breakout of ascending trendline can give target of 450 and 720 ...
Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.
LXCHEM - Breakout of the resistance and retested the breakout today.
I am looking to swing long in the stock for the upcoming months.
Targets and SL are mentioned in the charts.
1.50 moving average upside & Retest
2. Huge Volume increase
3. RSI 60+
Target - 367
SL- 250
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register.
- Sector headwinds causing problems
- Targets given in the chart - SL 243
Significant investments in Dahej and Lote facilities for future growth and profitability.
Opportunities in the export market, particularly in the Specialties vertical.
Well-positioned in the fluorine intermediates space with differentiated technologies.
Fundamentals
Market...
Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.
The company’s...
NSE:LXCHEM presently trading near supply zone after made multi-month trendline BO. Closing above supply zone will rally further and as well as change of trend will happen.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't...
Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP)
Company has delivered good profit growth of 29.0% CAGR over last 5 years ; Price to book value 6.88 ; Debt to equity ratio 0.11
Looking good in charts (...
LXCHEM seems like it's done A - B - C correction of wave 4. It can launch to 5th wave now.
- Definitely not SEBI - Registered. So, this is only for educational purpose.
