As I'm extremely bullish on auto sector, I found one more star in this week. Lumax has given breakout this week. 210 was its all time high and since August 18 the stock was trading below 210. This is a very good time to invest money in this stock because CNX Auto index has given breakout plus the stock will trade in blue sky zone. The stock is looking very good in medium to long term. The targets are calculated as per Fibonacci.
CMP - 232 W
Target - 250, 313, 378, 417 W
SL - 195 W
View - Medium to long term.
CMP - 232 W
Target - 250, 313, 378, 417 W
SL - 195 W
View - Medium to long term.