FINEORG trade ideas
FINE ORG : RANGE BREAKOUTFresh Buy@CMP
TGT - 4100 & 4200
SL - 3750
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.
Fine Organic Ind " up to 25 % gains "Hi Traders / Investors ,
This is a Swing / Positional Trade .
I can see a bullish momentum in Fine Organic Ind because of :-
1) Breakout of Cup and Handle Pattern forming from 6 months and retest.
2) Huge spike in Volumes at breakout.
3) Prior resistance level broke now acting as a Support.
4) Big Bullish Marubozu type candlestick at breakout.
Giving a Risk to Reward of 1:3.5 ,
Entry - 3614 level
Stoploss - 3362 level
Target - 4537 level
This is just an analysis so don't take any decision solely on this basis.
Please give thumbs up if liked this as it requires deep research.
Fine OrganicsW-bottom pattern formed on the chart in daily timeframe. The stock has already given 13% up move on today's candle creating an all time high. Trading volumes are very good and on account of good quarterly result long position can be taken with target of Rs 4332 and stop loss of Rs 3465.
SWING TRADERS ALERT - Close to a BOFUNDAMENTALS - Solid company with operations across the globe. Their Plant based extract is used across Food, Paint, Plastic and other areas.
It's an investment grade stock.
However, there is an opportunity for a swing trade. You can capture a good swing if the BO happens at mentioned levels
If the resistance is strong, expect a consolidation for a few trading sessions. Positive moment and increasing volume also spotted
NOTE: I have 30 stocks since 3000 levels.
CHART STUDY - NOT A CALL
FY21-22 Swing Trade Idea #161: Long on FINEORG This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Fine organic can be a good swing opportunity Fine organic has been consolidating at support for a while with dried up volumes and yesterday it gave good trendline breakout with good volume. Above 3100 level this can give a good swing long opportunity.
Previous trendline breakout followed by good volume buildup near resistance gave a good rally.
Follow strict risk management.