Wealth Creator Idea: FincablesYet another Wealth Creator pick from my side. Buy above 500 and Accumulate on dips, No Target just hold till bullish structure becomes bearish. This stock could be potential Multibagger. Cheers!!!!!!
FINCABLES trade ideas
Finolex cables..... good buy on retracement.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.
buy trade near multiple support zone so we buy & wait for trgt
note: may be i m 100% wrong only for study purpose
Finolex - Fine - go - LetSuch 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 !!
wyckoff redistribution in finolex cablesfor volume candle chart visualizing the same effectbetter... refer to this post of mine..
forum.valuepickr.com
disclaimer... not an investing/trading recommendation
Finolex Cables - Learning TrendlinesTrendlines 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 (Around 203 in Jan-2016) can still hold as on today (Aug-2018) as the widely spaced touches T1, T2 are still in trend.
5. Similarly, a trader entered @ say A1 (Mar-2016) could have booked profits @ A5 (around 653, May-2018).
#FINCABLESRespects the Gap support
Can be added as long it doesn't break this gap
Add on dips as long as M CCI >100
#FINCABLESCrossed Fibo with strength,
C > 720 today can activate the Binets Blast.
CCI(M) is there for support with TGC on D.
CMP 713
Target 850
SL 695
Finolex Cables: Nice, Tight ConsolidationThe 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.
finolex cable looks bullish in medium term. 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
Touching its support 200 SMA and bouncing backFinolex cables has got its support at 200 SMA and bouncing back to higher levels
Finolex Cables Titan & Axiscades on requestFinolex 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 with a target 570,
& again, it will face strong resistance at this level.
AXISCADES' Engineering:144 is hardly worth' a 100 rupee only if, if at all it make a consistent growth and gain. It is not there. But the current oversold condition can bring a pullback to 200 level.
Ascending Triangle Pattern awaiting Breakout Ascending Triangle Pattern awaiting Breakout
Buy on close above 455.
SL- 430 on Closing
Target 500/530
FincablesFincables gave a good bounce off from strong uptrend channel. Look for a target around 465.
