Fiem Inds has broken out of bullish H&S pattern. Buy at current levels for upside of 200 points/ target Rs700. SL at 450
One can start accumulating from 467 level add more once the trend line breaks with volume.
buy above 440 for a target of 447 and 460 plus keep an eye in intraday.
Long above 310 T1 370 T2 440 T3 480
High volumes today but could not break out. wait for breakout abv 310 for a quick move to 350. Stops at 299
All channels have be comprehensively broken . This count is just a whisker away from being a 12345 to an ABC . ABC means the company would be in serious distress , Just see this chart on aritmetic scale.This is the midcap story.
Scrip might reach the desired TPs after breakout from descending triangle however, would prefer to book profits at resistance levels after entry range confirmation of bullish momentum Fundamentals Pros : Healthy dividend paying company with not so much risk involved as per book value Stock P/E: 26.56 Price to book value: 2.82 Price to Sales: 1.15 Interest...
FIEM industries is technically buy for long term. Any suggestions, kindly comment
a hammer in uptrend correction suggest a big move in coming days one can invest in fiem industries for 1500 target..
NSE:FIEMIND Buy Range - Rs940 to Rs990 StopLoss - Rs875 Target 1 - Rs1155 Target 2 - Rs1305 Time - 6 Months
Fiem industries facing strong resistance in the form of channel resistance. Rejecting price at higher levels showing that price is unable to sustain higher levels. Look for shorting opportunities if market does not support look for lower channel target.