BUY - FILATEX INDIA
CMP - Rs. 38
Target - 1: Rs. 55
Target - 2: Rs. 69
Target - 3: Rs. 84
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Timeframe - 1.5-2.5 years
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Technicals - Bullish Pennant Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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FILATEX Daily looking bullish. It has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle.
Good to buy at 44.70 for target of 65 with sl below 40
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The stocks discussed or...
Keep the stock in your watch list. TL BO has been confirmed on weekly & daily charts. Can take a long entry as per your risk-to-reward ratio with stop loss. This is for your educational purpose only.
FILATEX INDIA had a pretty bad year. The stock has been falling for almost a year now after making all time high during January 22.
This is a long-term idea and entry will depend on the market conditions.
All levels are marked in the chart itself.
2nd Target - 70
Filatex Cmp 108 dated 27-9-2022
1. Reversal from Support Line.
Buy @ Cmp for target 116-123-127-128-143-175 SL 95
PROS
Company has reduced debt.
Company is expected to give good quarter
Company has delivered good profit growth of 47.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years...
POSSIBLE UP MOVE
EVERYTHING IS MENTIONED ON THE CHART
DEEP VOLUME ANALYSIS + BREAKOUT + ADVANCE ANALYSIS
NOTE - THIS is for educational purposes only. This is not a recommendation. I am not SEBI registered.
Breakout with good volume and retrace on low volume, can be a good buy at CMP
TGT - 140 & 160+
SL - 110
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here....
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
