FINPIPE Trading Within Fresh Demand ZoneFINPIPE is currently trading at ₹255.7, positioned within its demand zone between ₹257.7 and ₹251.3, identified on 24th April 2024. This fresh zone remains untested, suggesting potential buying interest if the stock price consolidates within this range. Investors may watch for signs of support, which could present a buying opportunity with a potential upward move.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
FINPIPE
FINOLEX INDUSTRIES by KRS Charts18th October 2024 / 11:45 AM
Why FINPIPE ❓
1. All over Uptrend Stock since listed.
2. Recent bottom with Cup & Handle Pattern Breakout and Retest with Strong Green Candles with Strong Volume 👍
3. 283 Rs nearest Good Support
4. Better Entry zone marked as we can see in the Chart.
Target - 400 + Rs
SL - 260 Rs Closing Basis
FINPIPE Analysis & Prediction in DTFThis is the analysis of FINPIPE in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About FINPIPE :
Finolex Industries Ltd. engages in the manufacture and sale of polyvinyl chloride (PVC) pipes and fittings. It operates through the PVC, and Pipes and Fittings segment. The PVC segment produces and distributes PVC resin. The Pipes and Fittings segment focuses on the manufacture of pipes and fittings required principally in the agriculture, and construction industries. The company was founded by Prakash Prahlad Chhabria on March 28, 1981 and is headquartered in Pune, India.
FINPIPE | Positional Trade📊 DETAILS
Sector: Plastics - Tubes/Pipes/Hoses & Fittings
Mkt Cap: 15,133 cr
Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial operations. Its product portfolio consists of two major divisions:
PVC Resin
PVC Pipes & Fittings
TTM PE : 31.84 (High PE)
Sector PE : 80.60
Beta : 0.88
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
9.37% away from 52 week high
Outperformer - Finolex Industries up by 13.49% v/s NIFTY 50 down by -0.87% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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FINPIPE - Ichimoku Breakout📈 Stock Name - Finolex Industries Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 286.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Multiple Indicators - FINPIPE📊 Script: FINPIPE
📊 Sector: Plastic products
📊 Industry: Plastic products
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of crossover.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 235
🟢 Target 🎯🏆 - 260
⚠️ Stoploss ☠️🚫 - 222
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
FINOLEX INDUSTRIES - Swing Trade - 25th March #stocksFINOLEX INDUSTRIES (1W TF) - Swing Trade Analysis given on 25th March, 2024
Pattern: SYMMETRICAL TRIANGLE
- Pullback candle from Lower Trendline Support - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - Done ✓
#finpipe
Flex your muscle FINOLEX !Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial operations. Its product portfolio consists of two major divisions:
PVC Resin
PVC Pipes & Fitting
Shift from PVC Resin to PVC Pipes
FIL is shifting its focus to PVC pipes from PVC resin sales by increasing its captive PVC resin consumption. FIL’s share of captive consumption, which had moderated to 68% in FY21, increased to 75% in FY22 (FY20: 75%, FY19: 74%, FY12: 39%) with a recovery in pipe volumes. With increased demand from the pipe segment, management intends to ramp up utilisation (FY22: 65%, FY21: 57%, FY20: 71%) of P&F capacity over the medium term.
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.
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FINPIPE : Potential Breakout Candidate#swingtrading #finpipe #consolidationbreakout #breakout #flagandpolebreakout
>> Beautiful Structure Range Breakout >> Impulsive Move >> Consolidation >> Pennant formation
>> Perfect Breakout Candidate
>> Good Risk Reward Ratio (min 1:2 RR or possibly more if u hold longer)
>> Good Strength & Volume in stock
Swing Traders should focus on 10% profit & keep trailling
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
FINPIPE Note:
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...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
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
FINPIPE - Ichimoku Bullish Breakout Stock Name - Finolex Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 163
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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FINPIPE _ Retest of breakout - low risk and high reward tradeThe stock was trading in a highly negative manner, but the downward trendline was broken with good volume, and a retest of the trend line followed the breakout.
This trade can be viewed as a retest of a breakout; it will be low risk and high reward trade.
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