FILATEX trade ideas
FILATEX Daily looking bullishFILATEX Daily looking bullish. It has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle.
Good to buy at 44.70 for target of 65 with sl below 40
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Filatex Cmp 108 dated 27-9-2022 GOOD BUYFilatex Cmp 108 dated 27-9-2022
1. Reversal from Support Line.
Buy @ Cmp for target 116-123-127-128-143-175 SL 95
PROS
Company has reduced debt.
Company is expected to give good quarter
Company has delivered good profit growth of 47.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
Company's median sales growth is 21.2% of last 10 years
Disclaimer :
I am not a Sebi registered Analyst so please do
your own Analysis before taking any action.
The above view is shared just for educational
purpose.
By no means shall be responsible for any losses
amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
FILATEX INDIA : BULLISH Breakout with good volume and retrace on low volume, can be a good buy at CMP
TGT - 140 & 160+
SL - 110
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
FILATEX - Textile play, undervalued long term upsideChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.