250-260 has been resistance zone since last 2.5 years. Stock has given good Cup n Handle pattern breakout from this resistance zone.
Target: 360-370 zone
SL: Daily candle close below 260
📊 DETAILS
Sector: Plastics - Tubes/Pipes/Hoses & Fittings
Mkt Cap: 15,133 cr
Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial...
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
Please note that, if there are some big targets, those are drawn thinking...
Finolex Industries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (September, 2023). Now It has given a Consolidation breakout & Closed above it's Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 300) in short term.
5)...
A cup handle breakout seen here....target can be the height of the cup which 100 to 150 points from the bo point stop loss can be placed at a closing below 185 again this has to be based on your risk appetite entry level 265 target 400 to 420 and sl 50 to 75 points from the entry level
Finpipes has formed cup and handle.
Stock has bounced from important demand zone and consolidating near trendline.
Levels mentioned on chart.
Good risk reward according to the levels.
Idea shared for educational purposes
📊 Script: FINPIPE
📊 Sector: Plastic products
📊 Industry: Plastic products
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of crossover.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 235
🟢 Target 🎯🏆 - 260
⚠️ Stoploss ☠️🚫 - 222
⚠️...
In this script FINPIPE, there is a ascending triangle pattern in W-TF which is going to give a breakout. this stock also performed well in the past. the MACD indicator shows the buying signal in W-TF. it also gave a breakout from a symmetrical triangle pattern in D-TF. Thus, it shows the positive short-term trend.
target- 20% (above 300)
stop loss - below the...
Finolex Industries has making good chart pattern on Weekly time frame.
Buy (Half qty) at 235
Buy (Full qty) at 250
SL at 200
Target 1: 280
Target 2: 305
Target 3: 350
Symmetrical Triangle Pattern is progressing in FINPIPE. It has a also broken a resistance within the symmetrical triangle (drawn in red line). Volume Spurt is seen which is above average volume, indicates that the stock is at Pocket Pivot.
CMP 231
Support 229
Finolex Industries - Long
Buy & accumulate zone: 215.15 - 227.00
Target 1: 239.90
Target 2: 248.05
Target 3: 271.50
Support: 215.15
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