HawkishDove

FCL BO [DAILY]

HawkishDove Updated   
NSE:FCL   FINEOTEX CHEMICAL
FCL Showing good movement with huge volumes. Approaching Weekly BO level of ~406, would be good to track if it consolidates before giving another BO on that level, that will give a decent entry point on a scrip showing strength with volumes.
Comment:
Fundamentally the stock is solid, Hasn't had a down quarter in terms of consolidated earnings in the past 2 years and few funds hold this for now. Guessing many funds might pour in once it breaks the long weekly base pivot level of 404. Might be a good spot to check it out further if more volumes catch up.

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