FILATEX trade ideas
Filatex Cmp 74.05 Dated 7.4.2021Filatex Cmp 74.05 Dated 7.4.2021
Flag Pattern & Cup & Handle Pattern on daily chart.
Giving tgt of 90+ SL 63
It is just a view, pls trade at your own risk.
Filatex India Multibegger stock-Strong breakout with 20% circuitAlready this stock idea shared when it was in 68~72 range, last time reached up to 81 but again re-tested 68~69 level due to Covid19 breakout in India.
I was holding my position with entry taken 68 level.
it is a clear CUP& Handle break out and Target 129 must reach in 2~3 weeks or before if momentum continues.
Now strong result in Q4'21.
Operating profit in Q4'21 is Rs.189 compare to Q4'20 Rs.62.
Earning per share(EPS) has become multiple from 0.96 to 5.36.
Buy FilatexMy idea is for educational purpose.
Buy Filatex @73, SL-72, for short term gain of 10-20%.
Filatex triangle pattern expected breakout Filatex India if breaks out on 5/6th April, entry can be taken on 72~73, short term target 88.
Long term analysis given in separate idea publish.
FilatexStrong recovery from bottom and also continuation in price action indicates strong bullishness. Closing above 75 can appreciate price up-to 20%.
FILATEX Ascending Triangle BreakoutNSE:FILATEX Levels are Mentioned in the chart... Look for Swing
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
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Filatex Ltd. Up Flag on a Daily ChartFilatex Ltd. was in a consolidation of exact 3 months from 7th January 2021. The price gave a breakout today on 7th April 2021 to this consolidation with good volume support. The consolidation was preceded by a rally. I anticipate the Price Target of Rs.114 and suggest the Stop Loss at Rs. 71 for the first 5 daily candles starting from 8th April 2021. Thereafter, the profit booking/ exit decision should be initiated on negative crossover of 26 EMA by 5 EMA.
Note: This idea is not a recommendation. It is an attempt to predict the future price movement.
isnot it looking too good?? what say??99 might be seen in near term! keep on radar!
dis:NOT SEBI registered. Charts produced here are for personal reference only and not any recommendations.
Multibagger stock preparing for breakout Filatex IndiaFilatex India is a multibagger stock, expected breakout in ascending triangle.
1st Target Rs.88
2nd Target Rs.107.
3rd Target Rs.129 (As per rounding pattern)
and Final Target Rs.163.
Strong fundamental with rounding pattern and ascending triangle pattern expected to breakout on 5/6th April'21.
Entry can be taken 66~72 range , if fails stop loss 64~65 , exit from the stock.
cup and handleformation is still young, nice set up, can closely follow this idea for the coming week
filatex india!!!! hourly chartrelative strength positive ,Rsi showing positive !!!! volume increasing delivery basis !!!!
