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ParamjitMahapatro
Jul 12, 2017 3:04 AM

finolex cable looks bullish in medium term.  Long

FINOLEX CABLESNSE

Description

it is in a strong uptrend in monthly time frame.
in weekly, price recently bounced from uptrend channel support and horizontal support.
Also hidden bullish divergence seen in weekly.


so sl - 447, tgt1 - 551, tgt2 - 590

Trade active

till now 508.90

Trade active

it has to break the downtrend line to move up ,

Trade active

moving up as expected till now 524.9,

Trade active

till now 530.15

Trade active

1st target done here, closed at 550.40.

Comment

bearish bat formed here in daily, and price reversed from PRZ. in.tradingview.com/x/Pd1FMssn/.

So risk averse traders may book the profits, total 11% profit.

Trade closed: target reached

both the tgts are achieved here, also price is near channel resistance, total 28% gain till now

Comment

in daily, price is approaching for a squeeze,

Comment

price closed above upper BB and BB expansion happened here,
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