#LXCHEM A gain of 33.33% is due. Seen making a base around 426, moving in a tight band (421 to 441), needs to break the upper limit(451), or lower limit(406) for confirming the move on either side. Negotiation of final at resistance(464) or support(392) will decide future course. 
The move upward or downward is not clear as of now, but from the range, it is evident that the operator was keeping it in a band of 426 to 441 with very low volume, for 2 months plus. The stock was in ASM + circuit limit of 5% was a big spoiler.
Since the stock has come out of ASM yesterday, from the tight range it can be assumed that the counter should move northwards but may be to shake the existing stockholders or new entrants based on ASM news the operator might do some shake outs on either side.
Confirmation will come once upper(451) and lower(406) is breached with volumes, till then test quantity can be added at every fall, position size to be increased only after the upper limit is breached and with confirmation candle of price and volume.
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