FINEORG trade ideas
FINEORGANICS - Reasons for bullish tradeFineorganics - Reasons for taking bullish trade yesterday - Channel support on weekly charts at 5950 levels + trendline support at 5800-5830 levels. Stock has gone down since then and is trading at 5646 levels currently. However, for a confirmation for support being broken we need a weekly close below 5750 levels. If stock closes below 5750, we will exit from trade. Currently stock is trading 2.8% below our purchase level (INR 5810)
Fine Organics Industries Ltd. - Near breakout level...Good structure on a daily chart pattern and price near the breakout pivot price of 4488.
Can see price range between 4488 and 4178 before any significant move upward.
Would prefer to keep SL at 4178 which can also act as a good support zone.
Target of 5200 on a short/medium term.
Always define your SL. Not a buy/sell recommendation.
Target 1 (17%) achieved. Target 2 is ON...This is follow-up on Fine Organic Industires. Can check link to related ideas.
Target 1 achieved. More than 17%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Target 1 achieved in Fine Organic. Gain of 33% Target 2 is ON.This is follow-up on Fine Organic. Can check link to related ideas.
Target 1 achieved. Gain of more than 33%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing 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.
Fine Organics (Chart of the Week: 26/02/2022)Fine Organics has given a breakout at All Time High even in this market. Keep a stop loss at 4088 and go long in this counter. Giving targets at this stage look premature due to the current situation in the market. However, one can expect decent gains in the medium term (~3 months) if the current levels are held.
Fine Oragnic: Long termA monopoly business which manufactures additive chemicals for almost every industry. The more specialty comes from additives used in biscuits of companies like Britannia which determines the exact taste of the product. This is a long term wealth generator and can triple your capital in next 5 years. This stock will be trading above 10,000 by that time.
Strategy is to do SIP and buy 1-10 stocks monthly
Short Term Target 4048
FINE ORG : RANGE BREAKOUTBreakout with good volume
TGT - 4300 & 4500-+
SL -3950
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