Fineotex Chemical (FCL) - Weekly chart analysis...
After a year long consolidation and correction, the stock is gradually setting up to reclaim the life time high.
Currently, the stock is emerging ou of a channel. Weekly close above 360 will create positive momentum.
Good support zone at 320 and 300 levels, below which 260, 230 and 230 are important levels.
Always trade with a strict stop loss of 5-8% and proper risk management.
Note: A personal analysis. Not a buy/sell recommendation. Consult your financial advisor.
Currently, the stock is emerging ou of a channel. Weekly close above 360 will create positive momentum.
Good support zone at 320 and 300 levels, below which 260, 230 and 230 are important levels.
Always trade with a strict stop loss of 5-8% and proper risk management.
Note: A personal analysis. Not a buy/sell recommendation. Consult your financial advisor.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.