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...
1)Market leader-proven track record. 2)Clean balance sheet A) Constant Debt reduction YoY. B) Awesome increase in PAT-YoY. C)Company growing >15%. Target-500(6 Months)
Ascending Triangle Pattern awaiting Breakout Buy on close above 455. SL- 430 on Closing Target 500/530
Fincables gave a good bounce off from strong uptrend channel. Look for a target around 465.