Finolex
FINPIPE - Bullish Consolidation with Volumes NSE: FINPIPE is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 13% to 19% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Long Trade in Finolex Industries Ltd.Best Buy in the Range of 175-180
Target- 190/210/235
Stop Loss -@160
Reason To Buy :
Good Support from the lower Trend Line
Bullish Breakout of Falling Wedge structure.
Good Risk To Reward Ratio.
Note:
This idea is only for the educational purpose.
Trade at your own risk.. Happy Trading .
Thanks..
FinCables Soaring High - Breakout AlertFinCables, the popular stock, is making waves in the market today! I'm here to provide you with an educational and informative technical analysis of this potential breakout opportunity.
Key Details
FinCables is trading at an all-time high, indicating strong bullish momentum in the stock.
today, we witnessed a breakout of the previous high with an incredibly high trading volume, which further supports the bullish case.
The opening today was a gap up, suggesting strong buying interest right from the start of the trading session.
The current daily candle resembles a Marubozu, indicating that there is little to no selling pressure in the market today.
✅ Trade Idea:
Considering the breakout, strong volume, gap-up opening, and the absence of selling pressure, it seems like an opportune time to consider a buy trade on FinCables. However, always remember to conduct your own research and perform proper risk management before entering any trade
Please remember that this analysis is for educational purposes only, and I am not a SEBI registered analyst.
If you find this analysis helpful, don't forget to hit the like button and share your observations in the comments below. Your feedback keeps me motivated to write consistently!
📈 Follow me on TradingView for more articles and trade setups: in.tradingview.com
🚀💪 Keep pushing your limits and never stop learning! Happy Trading! 💪🚀
Finolex Industries ready for the momentumChart -> Finolex Industries Daily
CMP: 184
Good Range: 175 to 185
Target: 195, 214, 243
SL: 170 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
FINOLEX INDUSTRIES
Target:- 217
Stoploss:- 165
Duration:- 4 to 5 Weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. Use proper stoploss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
Finolex Cables- High probability trade | Impulse + consoldiationFinolex Cables has been moving in a rising channel since March 2020. It has been following a repetitive pattern of impulse followed by box consolidation. Every time it moves out of the consolidation, it retests the previous swing high. This can be a high probability trade since there is a confluence of Fibonacci level as well as 200MA on the 4hr.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
STOCKS TO AVOID < 3 > (conditional ..levels of 75) better stocks of the same sector are available like { X , Y ,Z } , I would enter the stock only if it sustains above 75 ... !