Lakshmi Energy & Foods LTD
Monthly Chart
In Monthly Chart we have seen that Price has been in Consolidation since 5 years and broken 5 Year Resistance of the level 48 for the 1st time and now price has coming to retest that Resistance become Support ans holding it. Volume of the stock is continously rising since 1 year as seen on the char that buying volume is larger than selling volume so that is a stong sign of bullishness. Also Chart is showing the RSI Divergence that is also the sign of bullishness.
Weekly Chart
In weekly chart we have seen that the price is holding Previous structure support and forming Hammer candle , Volume of buying keep on expanding after the break of Resistance area, Momemtum Indicator is indicating that the upper selling pressure is ended.
We are expecting this stock will outperform and reach our target of 95 in Few months.
Monthly Chart
In Monthly Chart we have seen that Price has been in Consolidation since 5 years and broken 5 Year Resistance of the level 48 for the 1st time and now price has coming to retest that Resistance become Support ans holding it. Volume of the stock is continously rising since 1 year as seen on the char that buying volume is larger than selling volume so that is a stong sign of bullishness. Also Chart is showing the RSI Divergence that is also the sign of bullishness.
Weekly Chart
In weekly chart we have seen that the price is holding Previous structure support and forming Hammer candle , Volume of buying keep on expanding after the break of Resistance area, Momemtum Indicator is indicating that the upper selling pressure is ended.
We are expecting this stock will outperform and reach our target of 95 in Few months.
The Charts posted here are for educational purpose only and it is not for any kind of marketing purposes or trading services.And you the Viewer are solely responsible for the profit or loss incurred during the trade.Note that we are not SEBI registered advisor,the blog is meant for Educational purpose only.
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