FILATEX
Filatex - Bullish divergence RSI and PriceA bullish divergence happens when the Relative Strength Index (RSI) shows a low reading indicating oversold conditions, followed by a higher low in the RSI, while the price continues to make lower lows. This pattern may indicate that bullish momentum is building, and when the RSI breaks above the oversold level, it could be an opportunity to enter a new long position.
Above statement has been explained in the chart with invalid setup, when to enter and target to achieve.
Note: This chart is just for educational purpose.
FILATEX Daily looking bullishFILATEX Daily looking bullish. It has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle.
Good to buy at 44.70 for target of 65 with sl below 40
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FILATEX - Textile play, undervalued long term upsideChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
FY21-22 Swing Trade Idea #169: Long on FILATEXThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
FILATEX INDIA - Pennant Pattern HistoryThis analysis is inspired after a well wisher asked me a query on this stock.
I see this stock has had a pattern so far of jumping from the 20 SMA in the form of a pennant pattern while riding the Rising Parallel Channel.
This time around the 20SMA support is formed near the midline of the channel which is why I suspect the channel resistance can be broken.
Lets wait and watch how it performs.