Hello Traders,
Sharing this weekly chart of Focus Lighting & Fixtures Ltd, where it has given a breakout from an 8-week range, the stock belongs to the Electric Equipments Industry, stock PE is lower than industries average.
Targets are taken with reference to the Fibonacci Trade-Based Extension.
SL price:
Below- 740 (12%)
Targets:
T1- 1045 (25%)
T2- 1395 (66%)
Risk:Reward:
On T1- 1:2 (almost)
On T2- 1:5.
Disclaimer- Please do your own analysis before entering into any trade.
Best regards Happy Trading- Harshit.
Sharing this weekly chart of Focus Lighting & Fixtures Ltd, where it has given a breakout from an 8-week range, the stock belongs to the Electric Equipments Industry, stock PE is lower than industries average.
Targets are taken with reference to the Fibonacci Trade-Based Extension.
SL price:
Below- 740 (12%)
Targets:
T1- 1045 (25%)
T2- 1395 (66%)
Risk:Reward:
On T1- 1:2 (almost)
On T2- 1:5.
Disclaimer- Please do your own analysis before entering into any trade.
Best regards Happy Trading- Harshit.