FCL trade ideas
Fineotex Chemical breakout and retest doneStock has done a breakout of 2018 high and retest is also completed in the support zone.
Fineotex Chemical Positional View !FCL : cmp : 108.1
A rounding bottom kind of pattern had been formed in weekly and monthly chart respectively.
BO done near 98.
Closed above2018(Jan) high of 108.
Making higher highs for 3 days.
Looking bullish and ready to test 162 level.
TGT may be 126/145
Sl 88 Dclbs
Positional TGT 218.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
FCL MAY BE AT BULL SIDE If 1hr candle crosses 120 and stay above means it will be at bullish side for coming days
FCL positional trade idea#FCL rounding bottom pattern visible on very long time period. Best buy range 120-125 with SL below 100 for target of 175, 190 in around 18 months. #positional #swing
FCL LONG [ Multiyear resistance zone breakout]FCL looking bullish in weekly timeframe, it has broken a long old resistance zone, can see good volume pumping in , can go for a long positional tarde
entry 108.65
stop 93.00
target 140
cmp 116.40
2nd target also achieved! 8.5% in 2 days !!2nd target of 118 was also achieved today! HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas. For reference, I am attaching the links to the suggested idea and 1st target below.
1st target achieved in a single day! 5% gain!!1st target of 114 has hit today itself, now wait for 2nd target of 118. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas. For reference, I have attached the idea suggested yesterday.
Triangle pattern BreakoutSelf-explanatory chart and title. Can be bought now for a target of 114 and 118. CMP-108.7. SL will be 103 on a closing basis.
HIT the like button and do follow for regular swing trading ideas.
Happy Trading :)
FCL is on the verge of breakoutA classical rounding base has formed and now price is near the major resistance.
Keep an eye on it!
Keep learning! Keep earning!
FCL LongFCL Long
Trying to break resistance zone around 93. Yesterday it crossed 20 day EMA with above average volumes
Buy above - 93
SL- 85
Target- 99, 105, 114
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
FCL on consolidation, ready to road, Multibagger stockFCL is ready for channel breakout. It is in consolidation. Once it break the channel it will reach the target of 120 in near term.Time to accumulate at the current level.
Fineotecx Chemical (FCL)
Fineotecx Chemical (FCL)
- Stock is mildly Bullish
- Travelling in a channel.
- As long as inside the channel it will move upward.
- As per MACD indicator, there are chances of breaking out the channel. So, better to watchful for couple of days (from 15th June 2021)
- Stock is 3.55x as volatile as Nifty. So risk is high. Be careful.
CMP: 92.6
Buy Range:91-96
Upside Target: 107, 129.45
Support Level: 91.3, 86.40
Good Luck!
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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FCL Cmp 87.15 dated 25.5.2021FCL Cmp 87.15 dated 25.5.2021
1. Flag Pattern break out above 85, which is
already done.
2. Almost Debt free company.
Buy for a tgt of 110 SL 78
It is just a view, pls trade at your own risk.
FCL, INTRADAY PICK BASED ON FIBONACCI & FLAG BOAll levels mentioned on chart.
If manages to close above 91, then can be taken positionally as well.
Thanks
Piyush Gupta
Learn & Earn
Video Analysis of FCL. long at 70. add more on pullbackVideo Analysis of FCL. long at 70. add more on pullback
Multi Year Breakout - Retesting Done (Multibagger Stock)Fineotex Chemical Lt is involved in the business activities of Manufacture of chemical products or preparations of a kind used in the textiles, paper, leather and like industries.
The stock has broken a multi year resistance with great volume. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The Company has reported a robust sales number in its last quarter results for FY 21 with an increase(%) of 72% QoQ. EPS has also improved dramatically by 277% QoQ.
Mutual Funds have shown their interest & added this stock in their portfolio for the first time in the 3rd Quarter of FY 21 by buying an stake of 5.97%. This stake has also improved in the last quarter of FY 21 and now stands at 6.15%. Rise in interest is a good sign for the stock.
The Stock has a potential of turning a Multibagger.
Accumulate with SL of 59 for targets of 90-106 respectively. I would further recommend to hold it for 3-5 years for 10-15 times return.
Feel free to share your feedback & queries.
FCL- BullishFCL has bounced from the demand zone and also closed above 21EMA with a wide candle and above average volume. It has also BO the previous high. Considering all these factors it's looking for a good buy at these levels. You can also wait for the PB to BO area and enter. As always maintain SL below the swing low i.e around 56.
