LXCHEM - DOUBLE BOTTOM IN MAKING ON MONTHLY CHART
SWING TRADING IDEA:
-Volume based buying is seen in the past days on daily chart .
-On monthly chart we can see double bottom formation in progress and it's confirmation will happen when the stock closes above 315 on daily or weekly basis.
-Strong support near 220
-Traders with high risk appetite can do preemptive buying @290-270 with a SL of 261.80
-Traders with low risk appetite can do buying around 321-315 with a SL of 286.75
- TGT - 430+
-Volume based buying is seen in the past days on daily chart .
-On monthly chart we can see double bottom formation in progress and it's confirmation will happen when the stock closes above 315 on daily or weekly basis.
-Strong support near 220
-Traders with high risk appetite can do preemptive buying @290-270 with a SL of 261.80
-Traders with low risk appetite can do buying around 321-315 with a SL of 286.75
- TGT - 430+
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