Finolex cables has bounced off from an important support zone & also broken the down trend line. look to buy at any kind of retracement upto 420 - 440 zones for a target of 550 - 560.
this is just my view.... trade according to your own risk management.
Such a crucial moment. Almost, almost on the verge of major breakdown , where it can head towards lower levels . pink lines could be the ones where some fall could be arrested !! next week or 2 we will see whether we get a bear trap !! there is one more thing which i have left for viewers to figure out !! ll be mostly short though confirmation is must to be seen !!
Trendlines and Spacing - Learnings
1. T# and A# are the entry points for two different up trends.
2. Trendlines widely spaced touches are marked in green color with the entry point numbered in T# and A#.
3. Trendlines with narrow spaced touches are marked in pink color (Considering staying in the trend, these lines may be wrong).
4. A trader entered @ say, T1...
The stock is in a major uptrend and has been in a corrective phase in the past few weeks. The recent price action over the last few days indicate that selling is drying up and the stage is probably set for an upward spike. I would be interested in this stock if I see the anticipated spike up in price, accompanied by higher volumes.
Am watching the price action closely.
it is in a strong uptrend in monthly time frame.
in weekly, price recently bounced from uptrend channel support and horizontal support.
Also hidden bullish divergence seen in weekly.
so sl - 447, tgt1 - 551, tgt2 - 590
Finolex Cables Ltd:507 is trading near the apex of a symmetrical triangle, the signals are lilbit weak now, it may find support around 490,& having a strong fundamental, the stock price on break above the upper TL ie: above 526, can make new heights even 1000 with the ROE consider 17%.
My dear Qazi this titan & axiscades' already sent to you: Titan as marked...