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)
- 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.