Textile will pick up as businesses move from China to India. Indian govt also trying hard to give rebirth of Textiles.
Filatex seems to be perfectly positioned to take advantage of policy changes.
Green trend lines are the targets and support levels.
if the RSI sustains about the 60 till the end of jan 2021 then this stock may perform very well and give returns of more than 30-40%
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As can be seen trading above the cloud and being more strong that the relative market of Nifty. The stock can be added on dips. at the Tenkan and Moving averages.
#FILATEX was bought at level 40 2 years back and stock moved 250 and then announced 5:1 and now again stock movingin same way there is support at 40 target 100-200++
To All Members , Filatex has shown Positive Divergence with RSI Which Indicates that It can Give A Good Move in Short Term ... Approach it for Targets of 238/250/262 Rs. ... Good Luck !!!
