FCLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Fineotexchem
Multiyear Breakout in Fineotex Chemicals (Bullish Setup)FCL has Given a Multiyear Breakout this week supported with Good Volumes .There is a further possibility of getting huge returns.
Entry can be done in staggered way with a Time horizon of 9-15 months for good returns with a stoploss of Breakout levels.
Fineotecx Chemical (FCL)
Fineotecx Chemical (FCL)
- Stock is mildly Bullish
- Travelling in a channel.
- As long as inside the channel it will move upward.
- As per MACD indicator, there are chances of breaking out the channel. So, better to watchful for couple of days (from 15th June 2021)
- Stock is 3.55x as volatile as Nifty. So risk is high. Be careful.
CMP: 92.6
Buy Range:91-96
Upside Target: 107, 129.45
Support Level: 91.3, 86.40
Good Luck!
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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