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Lux Industries Ltd.

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50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:LUXIND
by AnsariTV
Lux Industry is getting ready for Next Big and huge huge Swing Hello Everyone, i hope you all will be doing good in your trading and your life as well, i have brought another stock which is getting ready for big move, Company name is Lux Industry. My calculation is saying it is going to give huge move in one way towards 10000+ levels in coming time, as price has formed double bottom, and if you will see stock has done sme in earlier swing, and each swing was doubled than earlier. So expecting same in next swing. MACD is giving bullish crossover in all timeframe specially in higher timeframe. Stock has given golden crossover in daily time frame (For those who does not know about golden crossover i will write here (whenever stock or any security trade below 200-DEMA from long time and suddenly stock gives crossover above 200-DEMA and sustains for sometimes, that is called golden crossover, usually this scenario creates bullish bias in market)). About Company:- Lux Industries Limited was incorporated in 1995 having a market share of 15% of the organised industry. It is the largest mid-segment hosiery enterprise in India.Company is engaged in the manufacturing and marketing of innerwear, thermals, and casuals under various brands, with ‘LUX’ being its flagship brand. Stock P/E 47.2 Book Value ₹ 496 Dividend Yield 0.32 % ROCE 12.7 % ROE 9.97 % Face Value ₹ 2.00 Industry PE 16.2 Debt ₹ 236 Cr. EPS ₹ 35.0 Promoter holding 74.2 % Intrinsic Value ₹ 1,262 Pledged percentage 0.00 % EVEBITDA 27.2 Change in Prom Hold 0.00 % Profit Var 5Yrs 12.0 % Sales growth 5Years 17.2 % Return over 5years 4.63 % Debt to equity 0.16 Net profit ₹ 100 Cr. ROE 5Yr 23.4 % Profit growth -44.5 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:LUXINDLong
by TraderRahulPal
2
Buy Lux Industries 40% returnLux Industries chart if back-tested shows that it has traded in a range between two price points 1123 and 1559. The range is around 40% wide and today the stock has touched the bottom of the range. After touching this price it has touched 1559 in a short period of time in the past for a total 4 times. The years in which the range was covered are 2017, 2019,2020 and the latest being 2023 itself. In 2023 it made a bottom at this price and then bounced back. History will repeat itself and the stock will again touch 1559 very soon. Hope you like my analysis. Please do your own analysis before investing. Do like and follow. Thank you.
NSE:LUXINDLong
by ronak16125
Lux Industries What a Move TodayHappy Deepawali to all of you I wanted to share some exciting investment insights with you, and I want to preface by stating that I am not a financial advisor, and the information provided here is solely for educational and informational purposes. Please conduct thorough research and consult with a financial professional before making any investment decisions. The Lux Industries stock has shown promising signs as a potential investment opportunity. It completed its (2)nd wave at the intermediate degree on March 31, 2023, and since then, it has initiated an impulsive move for its (3)rd wave. Additionally, it has completed its wave 1 and 2 at the minor degree and is currently in the minor degree wave 3. Today's market movement indicates a minute degree (i), which concluded at a high of 1530, followed by a sharp correction in wave (ii). According to the Fibonacci series, the stock appears to be at or near its bottom, as indicated on the chart. I would like to emphasize that investing in the stock market involves risk, and it's essential to perform your due diligence, consider your risk tolerance, and have a well-thought-out investment strategy. Lux Industries investment opportunity holds special significance for me, and I want to extend my sincere gratitude to all my followers on TradingView for your support, likes, and comments. Your encouragement is greatly appreciated, and I am grateful for the opportunity to share these insights with you. Lastly, I would like to express my appreciation to the team at @ TradingView for providing a wonderful platform that facilitates sharing knowledge and ideas within the trading community. Wishing you a prosperous and joyous Deepawali, filled with wealth and happiness. May your investments be fruitful and your financial journey successful. Thanks and warm regards
NSE:LUXINDLong
by imkhushal
Is this trying to form the impulse for 3rd?Hello everyone, I've recently analyzed Lux Industries' stock chart using Elliott Wave theory, and I'd like to share my findings with you. On March 31, 2023, the stock reached a low of 1111, which appears to mark the end of wave 2. Since hitting that low, the stock has initiated a minute wave 1 and is currently in the process of forming wave 2 of minute degree. One interesting observation is that during this process, the stock created an ending diagonal pattern at the bottom, which is defined by a downward-sloping channel. This ending diagonal consists of five waves, with the first wave being the longest, and the third wave being smaller than the first, and the fifth wave being the smallest. This pattern is typically a sign that a correction is coming to an end. In terms of price projections, in the short term, I anticipate that Lux Industries may reach a target range of 1868 to 2243. Please keep in mind that this analysis is for informational purposes only and should not be considered as financial advice. It's always important to do your own research and consult with a financial advisor before making any investment decisions. We may or may not have position in the stock under analysis. Thank you for your attention, and please trade responsibly.
NSE:LUXINDLong
by imkhushal
1
Buy At Current Price For 50 to 60% Upside📊 Strategic Stock Analysis 📈 Optimal Buying Level within the current CMP range. 🔵 Immediate Support Range: 1340 to 1355. 🟡 Next Support Range: A pivotal "Make or Break" zone at 1090 to 1110. 🎯 Initial Target and Resistance Range: 1650 to 1709. ⚖️ Breakthrough above 1710 may pave the way for a significant move towards 2300. 🚀 A notable Cup and Handle formation underway. 📈 Increased trading volume with the average now at 320k, up from 160k.
NSE:LUXINDLong
by Chart_analyser_NJ
Lux is going for a max #SuperchartzKey Levels: Support: 2490 to1510 Resistance: 1605 to 1630 Major hurdle: 200 EMA should cross and close above. Significance of the 200-day Exponential Moving Average (EMA): 1. **Trend Identifier**: The 200 EMA helps traders identify the overall trend of a financial instrument - above it indicates a bullish trend, and below it signals a bearish trend. 2. **Key Support and Resistance**: It acts as a significant level of support (above the EMA) and resistance (below the EMA), attracting buying or selling interest at that level. 3. **Market Psychology**: Due to its popularity among traders, the 200 EMA influences market sentiment, making it more likely to impact price movements. 4. **Confirmation Tool**: Traders use the 200 EMA alongside other indicators to confirm potential reversals or trend continuations, enhancing its reliability. Remember, while the 200 EMA is a valuable tool, it should be combined with other analysis and risk management strategies for more informed trading decisions.
NSE:LUXINDLong
by SuperChartz
2
LUXIND - Bullish Consolidation BreakoutNSE: LUXIND is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:LUXINDLong
by BrahmaBull31
Lux Industries Ltd correction may have been completedIt seems Lux Industries has completed its bearish sequence as per the chart structure. The instrument had completed its bull run near 4644 as all time high. And now its bottoming out at the current levels. Accumulation for Short term, medium term, and long term may be initiated in cash holding. Kindly do your own analysis before any trade execution. Take the advise of your advisor before any investment. Thank you. Please like follow if you really like the analysis.
NSE:LUXINDLong
by imkhushal
1
LUX INDUSTRIES Trend AnalysisA 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!!
NSE:LUXINDLong
by Swastik24
3