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SHRIHARII

FCL Fineotex - 1.5 years consolidation Breakout / All Time High

Long
FINEOTEX CHEMICAL (NSE:FCL)  
SHRIHARII  
NSE:FCL   FINEOTEX CHEMICAL
Trend Analysis Chart Patterns Beyond Technical Analysis consolidation-breakout rangebound breakout cuppattern highvolume weeklytimeframe momentumcandle
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trendanalysis chartpattern beyondta consolidation-breakout rangebound breakout cuppattern highvolume weeklytimeframe momentumcandle
Fineotex Chemical Ltd

1) Time Frame - Weekly.
2) The Stock has been in a consolidation since (September, 2022). Now It has given a breakout & Closed at it's All Time High with strong bullish momentum in weekly time frame.
3) The primary trendline will act as a resistance around the price 577 in the short term.
4) Recommendation - Strong Buy
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