Good structure on a daily chart pattern and price near the breakout pivot price of 4488.
Can see price range between 4488 and 4178 before any significant move upward.
Would prefer to keep SL at 4178 which can also act as a good support zone.
Target of 5200 on a short/medium term.
Always define your SL. Not a buy/sell recommendation.
Fine Organics has given a breakout at All Time High even in this market. Keep a stop loss at 4088 and go long in this counter. Giving targets at this stage look premature due to the current situation in the market. However, one can expect decent gains in the medium term (~3 months) if the current levels are held.
A monopoly business which manufactures additive chemicals for almost every industry. The more specialty comes from additives used in biscuits of companies like Britannia which determines the exact taste of the product. This is a long term wealth generator and can triple your capital in next 5 years. This stock will be trading above 10,000 by that time.
Hi Traders / Investors ,
This is a Swing / Positional Trade .
I can see a bullish momentum in Fine Organic Ind because of :-
1) Breakout of Cup and Handle Pattern forming from 6 months and retest.
2) Huge spike in Volumes at breakout.
3) Prior resistance level broke now acting as a Support.
4) Big Bullish Marubozu type candlestick at breakout.
Giving a Risk to...
FUNDAMENTALS - Solid company with operations across the globe. Their Plant based extract is used across Food, Paint, Plastic and other areas.
It's an investment grade stock.
However, there is an opportunity for a swing trade. You can capture a good swing if the BO happens at mentioned levels
If the resistance is strong, expect a consolidation for a few trading...
This is follow-up on Fine Organic Industires. Can check link to related ideas.
Target 1 achieved. More than 17%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.