FILATEX - Poised for a 15-30% Upmove
The stock is in uptrend in Monthly.
It is poised to break out of an inverse head and shoulder pattern.
Entry - 51.15
Target 1 - 59
Target 2 - 64
Target 3 - 69.
It is poised to break out of an inverse head and shoulder pattern.
Entry - 51.15
Target 1 - 59
Target 2 - 64
Target 3 - 69.
Note
Stock has moved up 6% intraday 51.15 -->54.45 in a single trading sessionNote
Target 1 hit, 16% ROI in 5 trading sessions.Note
Swing trade closed at 62. One may trail profits based on today's close till all time high 69.90. 20% ROI done.Note
Expecting it to break all time high for a move of min 80 rs. A further 20% from the previous 40% ROI.Note
A great move approaching 80. That is a a 50% move since the post. Also note that this a monthly breakout of all time high.Note
Now after a long time, filatex is ready for reversal. Targets expecting 63.5-65.8 6-10% move
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