Trade type: Swing trading
What does chart say: 5 month high breakout + trading above 50 and 200 Dema. trade has closed with good momentum and volume on Friday.
next potential target will be near 2586 which is ~12% up.
Strong pullback in weekly charts we may expect rally will continue for short term.
Trading in Stock Market, Currency or Commodity markets is risky and there is every chance of losing money. One should only trade with a small portion of his or her money which he can afford to lose. Never put all your money in trading and never borrow money to trade.
Finotex Chemical Ltd has given a very good breakout with good volume. It may touch the level of 142.
DISCLAIMER: This is not a buy or sell recommendation. I am sharing this for educational and analysis purpose only.
IBULHOUSING Positional View. Good to go long,
Triangle pattern BO
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I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing