Fineotex Chemical (FCL) - Weekly chart analysis...After a year long consolidation and correction, the stock is gradually setting up to reclaim the life time high.
Currently, the stock is emerging ou of a channel. Weekly close above 360 will create positive momentum.
Good support zone at 320 and 300 levels, below which 260, 230 and 230 are important levels.
Always trade with a strict stop loss of 5-8% and proper risk management.
Note: A personal analysis. Not a buy/sell recommendation. Consult your financial advisor.
