Hello Friends,
I have raised some questions and tried to answer on the chart itself. Please read them properly and try to understand.
Now, I gave you some hints on the working of Stock Market in my last working on this stock only, but I am sure none of us would exerted enough to understand. Please make it your bible and try to understand at least once a day. "Real Gems would come out of you".
Let us now go forward.
Yesterday you must have noticed that the price of Lux Industries made a base with time candles
1-3-24 10:47 AM
1-3-24 3:13 PM
The price of share was not closing above 1300 for so many days, but it closed at 1307 to 1309 yesterday.
Please keep a watch on 1302; now this price is not likely to be broken. Answer is very simple but, you have never been taught this and may be who teach you dont know it or dont want to tell you. If you can answer, good otherwise make effort to find out. My, purpose here is to serve you with the knowledge and experience which I have gained and make every one of us more knowledge and self subsistent.
1-4-24 1:23 PM.
We are learning here more than Word Class trading and I am duty bound to answer all your questions.
Your trading view time to be set at UTC +5:30 time setting.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Conclusion: Today, stay long above 1302 and be patient to watch candle of