Fineotex Chemical Lt is involved in the business activities of Manufacture of chemical products or preparations of a kind used in the textiles, paper, leather and like industries.
The stock has broken a multi year resistance with great volume. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business...
FCL has bounced from the demand zone and also closed above 21EMA with a wide candle and above average volume. It has also BO the previous high. Considering all these factors it's looking for a good buy at these levels. You can also wait for the PB to BO area and enter. As always maintain SL below the swing low i.e around 56.
Nippon India Mutual Fund Bought about 66,08,595 share of Finolex Chemical Ltd. at 45.2 which is 6% of the total traded volume of the day. i think this stock is gonna open tomorrow with the gain of 4-5%. so keep on this stock radar.
FINEOTEX CHEMICAL LTD: Bullish Engulfing pattern. The stock tried A year-long resistance and breached it. Waiting for price action and volume confirmation. Watchlisted for now.
“In investing, what is comfortable is rarely profitable.” - Robert Arnott
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken...
Expecting the scrip to surpass 52-week high with ascending channel as the small-cap company has strong fundamentals as also mentioned here :
www.moneycontrol.com
"The company’s names is Fineotex Chemical which is also known as FCL. Let us put it this way the company is one of India’s largest textile chemical manufacturer which provides customised solutions to...
One can look to Buy FINEOTEX CHEM at 41.55 for a target of 46.40 and stoploss of 39.40
Please buy only around Support of 41. The Stock has broken out on Multi Time Frame Resistance of 41.45. Buy around 41.55
