Lumax Industry
CMP 1890
Is this stage 2 ? The new wave !
Well it looks like,but currently we’re at a critical juncture at 61.8 5 levels of whole retracement. Many a times stocks start their reverese journeys at this juncture.
Fingers crossed.
But if the stage 2 continues, then we might see new ATH , although there are 2-3 key resistances as marked by red lines.
Weekly Chart
Keep in consideration that scenarios of weekly charts play out in 6-9 months.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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