NSE: FMGOETZE is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has reversed at key support area which is indicating demand.
One can look for a 13% to 19% gain on deployed capital in this swing...
FMGOETZE is forming an interesting pattern, this scrip has been trading around 375-350 for a log time now, looks like good accumulation has taken place in this area of interest. The scrip has also entered in a VCP structure with a good shakeout candle, looks like the scrip is all set for a 15-20% move from here on.
Stoploss 345
*DISCLAIMER*
This analysis is...
Reason for long
a) fundas okay
b) any weekly break is long
c) price above super vwap
d) QQE long
e) SL compulsory
Any early entry below the entry price may induce in consolidation or drag towards SL or 200 level again
The chart for Federal-Mogul Goetze (India) Ltd ( NSE:FMGOETZE ) shows a bullish chart pattern known as a "Continuation Wedge (Bullish)."
This pattern suggests that the stock price, currently at 350.45, is likely to increase in the near future, with a first potential target price of 377.70
In essence, the Continuation Wedge (Bullish) indicates a temporary pause...
FMGOETZE - Ready to breakout
Automobile and Auto Components sectors
looking good
Buy above 375 | Tgt 386, 396 and 415 | sl 362
It is my view, trade on your own analysis
📌Inverted Head & Shoulder Reversal
FMGOETZE
+ BO zone retested and then Strong Rejection candle
+ Validated with High volume
+ Above Key EMAs
- Extended
Stock near crucial demand zone.
QonQ result is ok, but YonY result ig good.
Current market sentiments are not so good, so be very cautious, and enter with strict SL.
Hoping for the best.
Federal-Mogul Goetze (India) Ltd. #FMGOETZE
a strong re-rating #stocks. Keep this on your watch list.
1. MNC quoting at just 21.1 P/E?
2. Sales growing.
3. EPS goingup
4. Parent MNC holding the Maximum
5. Debt FREE
#sharemarket #MultiBagger #relativestrength #Growth #StocksToBuy
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100...
Fed Mogul Goetze has recently given a breakout with good volume. Stock is in consolidation since 1 month. Seems stock is getting ready for further upmove. Keep on radar for closing above 390.
Chart -> Fed Mogul Weekly
Breakout with volume bar.
CMP: 368
Good Range: 330 to 370
Target: 460, 490, 520
SL: 320 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
