Stock currently in upward channel and may break. Since Wave 4 in parallel channel usually end between wave 1 and 2.
Long on dip towards 250-30 Stop loss is wide 190
Target of Wave 5 350
Further long term targets based on trend lines 430 and 615
Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not...
All level mentioned on chart. Can also be good for INTRADAY
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple...
LONG POSITION IN FINOLEX CABLES
The price has broken out of the descending triangle pattern with strong volumes.
The price is being supported by the sloping up TL.
MEASURED TARGET LEVELS OF - 352
A GOOD 6 MONTHS LONG CONSOLIDATION AND ACCUMULATION BETWEEN 255 - 320 PRICE RANGE, BREAKOUT OF 320 THIS STOCK CAN EASILY SEE 390/400 LEVELS CONSIDERING THE RUN IN SMALL AND MIDCAP.
I HAVE ENTERED AT 290 LEVELS BUT WILL PYRAMID MORE ABOVE 320 FOR 400 TGTS
Stock is near to the Weekly resistance.
wait for it to break on any side and trade accordingly.
When this stock has the potential to give huge movement on either side.
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