Finolex cables: TL BO , as well as Cup & Handle Pattern with strong Volumes.
Buy above 988,
Targets: 1000/1020/1040
Long term has potential of 20%-25%
SL : 774
Disclaimer: I'm not SEBI registered, contact your financial advisor before any investment
FINCABLES
1. Recently gave a multiyear breakout
1. Good Fundamentals
2. Volume expansion indicating big hands building up positions
Will scale in positions anywhere around 950. Holding period (6-12 months)
POSITIONAL IDEA : finolex cables:
Stock brekaout and taking support again. Consolidation in lower timeframe. Buy on consolidation brekout. Levels mentioned in chart for reference.
NSE:FINCABLES has given a fresh breakout and the stock looks good for future gains. Keep a stop loss at 920 and go long. Cables and wires segment is doing very well in the market with great relative strength as compared with the index.
FinCables, the popular stock, is making waves in the market today! I'm here to provide you with an educational and informative technical analysis of this potential breakout opportunity.
Key Details
FinCables is trading at an all-time high, indicating strong bullish momentum in the stock.
today, we witnessed a breakout of the previous high with an...
Trade Details
Name of The Stock: Finolex Cable Ltd.
Stock Category: Small Cap
Trade Type: Positional Trade or Momentum Investment
Duration: More than 60 days
Entry Level: Ranging from 940 to 975
Stop Loss: Initial 865 (Trail accordingly)
Target-1: Aiming Above 1200 - Prepare for the Surge!
Chart Details
Breaking Barriers: Finolex Cable Emerges...
Target 938
SL 860
Entry 887
stock can give a breakout but it would be good to enter at 887 levels because it can give it space to do a retest and then a move!
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Chart is self explanatory.
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.
Stock Name - Finolex Cables 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 822
#This is not Buy and Sell recommendation to any one. This is for...
Leading manufacturer and preferred brand for electrical & telecommunication cables which dominates Indian industry .Now the stock has reached its 4 year resistance line .Not a high momentum seen in the chart. A consolidation happens for last 6-9 months . Q3 results are also good. Can expect a growth up to 650 within next 1-2 months and if volume supports then...
Finolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India. Operating for more than 50 years, Finolex has been able to maintain its leadership position as one of the most diversified wires and cables companies in the country.
Besides manufacturing a wide variety of wires and cables, Finolex has also forayed into the...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Key Points:
- On daily and weekly chart strong bullish momentum seen with breaking ATH price & potential to have up move for short term
- Cup and Handle chart pattern
- RSI @ 81 with breakout & crossed RSI MA of 65
- Volume above VMA
- Price crossed above 20,50,200 EMA
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered...
