LUX Industries – Bullish Technical ViewLux Industries Ltd.NSE:LUXINDchirag.sanghavi89LUX Industries is showing signs of a potential medium- to long-term reversal after a prolonged corrective phase. The stock is currently trading near a strong historical support zone, where demand has repeatedly emerged in the past. Technical Observations: • Price is consolidating near a major long-term support area around ₹850–₹900. • A falling trendline resistance is now being approached, indicating a possible breakout setup. • Momentum indicators are stabilizing, suggesting selling pressure is gradually exhausting. • Risk-reward appears favorable at current levels for positional investors. Medium-Term Outlook (3–9 months): A sustained move above the trendline can trigger a recovery rally towards the **₹1,800 – ₹2,000 resistance zone**, which aligns with prior supply areas and historical price structure. Long-Term Outlook (12–24 months): If accumulation continues and broader market conditions remain supportive, the stock has the potential to revisit ₹2,400 levels, representing a structural trend reversal from the long-term downtrend. Key Levels to Watch: Support: ₹850 – ₹900 Medium-term Resistance: ₹1,800 – ₹2,000 Long-term Target: ₹2,400+ View based on technical structure and price behavior. Proper risk management is advised.