Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Buy Lumax Industries : Medium Term Pick

43 sec read

CMP : 169
Target  : Rs 240
Time Frame : 5-6 months

 
Company Profile
 
Lumax has seven ultra modern manufacturing plants in India. Of these, two are located in cities of Gurgaon , Dharuhera in the state of Haryana, near New Delhi and three plants in Pune , near Mumbai in Maharashtra and one plant near Chennai .Today Lumax accounts for over 60% market share in Indian Automobile Lighting Business, fueled in no small measure by its two decade old technical and financial collaboration with Stanley Electric a japanese company, has a strong presence in the original equipment market with its clients including leading auto companies such as Maruti Udyog, Tata Motors, Hero Honda, and Mahindra and Mahindra.
 
Lumax Industires is in a plan to expanding its business byinvesting Rs 200 crore over the next 12 months to modernise its existing plants and to set up three greenfield manufacturing facilities.


[wp_ad_camp_5]

 

 
Positve Break seen in this stock and trading above 50 Days of SMA of 168.90.
Huge and lengthy consolidation seen between 180 and 160 with support coming at 155 levels so keep a stop loss below 155 levels.
Good to Grab at this level for a target of 200 in short term.
 
 
 
 
Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

GANN Shorter term update for Nifty as on 15…

  GANN Supports zone near 5005. More weakness below 5005 as next support near 4780. Avoid longs if nifty dips below 5005. Source:...
Rajandran R
5 sec read

Larsen and toubro update

  Trailing Stop Loss Update for Larsen and Tourbo   Cover Shorts and reverse the position if LT closes above 1665. Source: www.marketcalls.in
Rajandran R
6 sec read

JP Associates is getting Weaker

  1)Stock is showing massive MACD divergence 2)Price is currently below 13,34,55 EMA and these levels could act as a resistance in coming sessions. 3)Stop...
Rajandran R
12 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More