NSE:FINCABLES is showing pretty bullish momentum. Multiple breakout ready signals
Head and Shoulder pattern breakout
Rounding Bottom Breakout
Long term down trendline breakout
Very High volume
10th Nov is result date
Buy above 530, SL: 515, Target: 550/575
Points to notice in the stock:
1. Made an inverted H&S pattern on DTF.
2. Broke the Neck line of H&S
3. Currently testing the demand near to demand zone.
4. if the price breaks the nearest supply of 442 then it may head for a next supply area near about 495-505
DISC: This is not a buy or sell recommendation. Only for educational purposes.
Finolex Cables Ltd - 07.01.2022
The stock is trading @ 527 levels
The prices are at SUPPORT
The prices are below EMA
There is a SHOOTING STAR in daily chart
Let the prices go above 541
watch out for the price action
Finolex Cable spot CMP : 455
Study :- Price action + chart patterns + Elliot wave
Time Frame :- Daily
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