Lumax Auto Technologies is forming an inverse head and shoulder pattern on the daily time frame. Price has shown strength with strong closing with good volumes.
is it still worth getting into ? Like today or wait for Pull back ?
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@karthikvenkat86, it had already taken out many retail participants in that (shakeout) huge candle on 20th July. Let's see how it performs tomorrow. even today's closing is not looking good. Can accumulate till 165.
There was breakout confirmation on 20th July, right? It closed above the neckline with decent volume, although the market was bearish and highly volatile.
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@ashwinkalra2000, if you see, it was confirmed on 16th July with good volumes.