Stock has made a double bottom on daily chart, with retesting its previous resistance. Previously stock faced resistance at around 118-120 levels and corrected nearly 25%. Later stock gave breakout and made a high of 146. Then, stock again corrected nearly 20% from its high and now has retested and taken support from its previous resistance levels of 118-120. One...
FCL gave a multi-year breakout, buying on the dip is advised up to 106.
106 level is an important support level to hold.
The targets are mentioned on the chart. The XABCD bearish shark pattern gives the target of 218.
Stop-loss as per your risk appetite.
Happy trading :)
This is just for educational purposes.
FCL has Given a Multiyear Breakout this week supported with Good Volumes .There is a further possibility of getting huge returns.
Entry can be done in staggered way with a Time horizon of 9-15 months for good returns with a stoploss of Breakout levels.
A small cap company having potential to become Large cap . I would like to be a long term investor in those companies which did have Capex last year. From a chemical sector and we know this sector has given a good compounder. Major seller to textile players and we know textile is one sector which is getting lot of traction due to china+1 strategy.
#FCL rounding bottom pattern visible on very long time period. Best buy range 120-125 with SL below 100 for target of 175, 190 in around 18 months. #positional #swing
FCL looking bullish in weekly timeframe, it has broken a long old resistance zone, can see good volume pumping in , can go for a long positional tarde
entry 108.65
stop 93.00
target 140
cmp 116.40
2nd target of 118 was also achieved today! HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas. For reference, I am attaching the links to the suggested idea and 1st target below.
1st target of 114 has hit today itself, now wait for 2nd target of 118. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas. For reference, I have attached the idea suggested yesterday.
Self-explanatory chart and title. Can be bought now for a target of 114 and 118. CMP-108.7. SL will be 103 on a closing basis.
HIT the like button and do follow for regular swing trading ideas.
Happy Trading :)
FCL : cmp : 108.1
A rounding bottom kind of pattern had been formed in weekly and monthly chart respectively.
BO done near 98.
Closed above2018(Jan) high of 108.
Making higher highs for 3 days.
Looking bullish and ready to test 162 level.
TGT may be 126/145
Sl 88 Dclbs
Positional TGT 218.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
FCL Long
Trying to break resistance zone around 93. Yesterday it crossed 20 day EMA with above average volumes
Buy above - 93
SL- 85
Target- 99, 105, 114
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Fineotex Chemical Ltd. engages in the manufacture of chemicals for textiles, construction, water-treatment, fertilizer, leather and paint industry. Its products include textile, agro, specialty and public health chemicals. The company was founded by Surendra Kumar Tibrewala on January 30, 2004 and is headquartered in Mumbai, India.
NSE
![FCL: FCL LONG [ Multiyear resistance zone breakout]](https://s3.tradingview.com/l/Lww0rxUe_mid.png "FCL LONG [ Multiyear resistance zone breakout]")
