LXCHEM LONG | TECHNO FUNDAMENTALS
Hello fellow Investors and Traders,
Investing is an Art and Analyzing is the artwork
LXCHEM is poised at a crucial pivot point.
This is a mid-term positional trade and hence patience is expected for returns
Stop Loss is approx. 9-10% at 266. 50EMA and 200EMA will prove as string supports and hence SL place a few points below
T1, T2 and T3 are marked on charts
Potential Returns approx. 33%
R2R 1:3.3
Note on Fundamentals :
Key Ratios and Fundamental Health Checks look good as well
Plan Your Trades and Trade Your Plan...I'll Keep this forum update when I jump In
Investing is an Art and Analyzing is the artwork
LXCHEM is poised at a crucial pivot point.
- Golden Cross on Daily Timeframe is a good indicator of momentum
- Stock has tested the critical selling levels of 320 and shown a sharp pullback towards the support levels of 290 ( Complete dominance of Sellers exhibited)
- 290 levels mark the presence of Buyers.
- It will be interesting to watch the stock spend some time here and that will show the strength of buyers and level
- Close above 290-300 range would establish the trade initiation
This is a mid-term positional trade and hence patience is expected for returns
Stop Loss is approx. 9-10% at 266. 50EMA and 200EMA will prove as string supports and hence SL place a few points below
T1, T2 and T3 are marked on charts
Potential Returns approx. 33%
R2R 1:3.3
Note on Fundamentals :
Key Ratios and Fundamental Health Checks look good as well
Plan Your Trades and Trade Your Plan...I'll Keep this forum update when I jump In
ملاحظة
Entry Not Triggered. Lets wait and watch next week... 
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