I will buy FINCABLES because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 456/444
Target : 588
Stop loss : 425
Hi All,
The benchmark index (NIFTY50) has become somewhat weak now or to put it better we can say that the power of bulls is now being challenged by the bears. In this phase the trader needs to become really cautious and find some really good setups where the R:R should be given highest priority.
Above is the weekly chart of one such setup. Finolex cables gave...
The stock has shown a good move in last 2 days. It may show profit booking as RSI indicating it is moving to over brought zone.
So keep watch on this stock. 558 is breakout level so if it holds this level we can buy near by that level and can expect 625, 671 & 748 level as positional trade.
Please do your own study before any trade. I may go wrong any time so...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
BULLISH .
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
ADX for daily and weekly chart showing strong uptrend.
Hugh delivery and trading volume
MACD is about to cross signal line from below on weekly chart
Strong relative strength
Near 3 yr breakout
Cup and Handle pattern on weekly chart
Best buy- 539-540
Stop loss- 513
Target - 700
Medium term
Finolex Cable spot CMP : 455
Study :- Price action + chart patterns + Elliot wave
Time Frame :- Daily
There is Rising channel formation, currently price is around the demand line of long term structure, on smaller range of time frame there is formation of symmetrical triangle formation, which have demand line around current levels. so there are 2 structure...
