Finolex cables Trading at Rs 531 at Breakout level On weekly chart,
If it break it will be going to be multiyear breakout
Must be on your watchlist..
Do your analysis before take a trade
The daily chart of Finolex Cables shows the price breakout on the modified up-flag price pattern yesterday on 23/02/2023. The price gave the breakout after a consolidation of 5 daily candles. This consolidation was preceded by rally. The price target is estimated at INR 828 and the R/R Ratio is 4.
Note: This is purely academic study and does not intend to give...
FINCABLES on Breakout and with good volume; above 608.5 on Wednesday 15th Feb for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
NSE:FINCABLES
✅ #FINCABLES trading above Resistance of 624
✅ Next Resistance is at 748
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
FINCABLES on Breakout and with good volume; above 575 on Friday 10th Feb for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders"...
It is forming VCP pattern in daily time frame. It seems it will give breakout. Half quantity can be bought at current level in presumption of breakout with SL of 525 and after breakout more can be added. The way volatility is contracting it should give breakout. Here nothing is final so it may not breakout hence keep SL for sure.
Finolex cables is hovering near it's resistance zone and has even formed cup and handle and preparing for a breakout. With Infra stocks rallying, proxy stocks to join the party too.
FINCABLES: TL Breakout with Huge volumes.
Buy above 571, Can achieve potential targets of 576/582 in intraday.
Intraday : Keeping Trailing SL for max gains
Disclaimer: Im not SEBI registered, Contact your financial advisor before any investment.
Posted Earlier 23rd Oct 2022 @ 494
Finolex Cables Now Trading @ 566
Big Breakout 585-600 Range
Expecting Huge Upside above this Range
Positive RSI & Spurt in Volume
