All details are provided in the chart itself
Buy at 430-450
Target 1 - 625
Target 2 - 700
Stop Loss - when it breaks 200 EMA or the trend line and stays below it for a significant period of time.
All trade ideas provided are the opinions of the publisher and should not in any way be considered as financial advice. Please do your own research and consult your advisor before investing in stock markets.
Great Structure
Bullish Bias
Stop Loss 440s Level
Target 540s Level
Divergence
Stock is shaping up nicely
Pullback based on Lower volumes
RSI bouncing from Support Level
Finolex Cable Cmp 475 dated 6.9.2021
1. Parallel Channel Support taken @ 440.
Buy above 482 for a tgt of 500-525-540-560 SL 440
It is just a view, pls trade at your own risk.
Finolex Cables has been moving in a rising channel since March 2020. It has been following a repetitive pattern of impulse followed by box consolidation. Every time it moves out of the consolidation, it retests the previous swing high. This can be a high probability trade since there is a confluence of Fibonacci level as well as 200MA on the 4hr.
Disclaimer: ...
When a stock is at its support its last chance to bounce back.. And if it break the support and trade 10-15 min below it facing resistance of PDL(Previous Day Low). The u can also take short position.
