flag and pole on hourly chart just macd going to cross down but a buy spike can be seen need to be open above previous day close 52 week high is broken few day before and price is cooling down, a last spike of buy can be seen as base is form which is our stoploss
Inverted head and shoulders pattern breakout with good volume
FINCABLES BREAKPOT WITH INVERSE HEAD & SHOULDER PATTERN
Self explainatory Chart *Educational Chart* Use SL
A BREAKOUT OF A RESISTANCE IN THE WEEKLY TIME FRAME WITH VERY GOOD VOLUMES. THE BEST BUYING RANGE WILL BE AROUND 427-430 LEVELS. TARGET 1- 455 TO 460.
After a perfect retracement of 4th wave we are in all probability heading to a new high ie 5th wave
Cup and handle pattern breakout in Fincables.. We kept safe target..
DO NOT MISS if closed above 525 quick move possible
SHORT TERM 500+ MEDIUM TERM 680+ LONG TERM 2X
Stock has given a Inverted Head and Shoulders breakout with good volumes .. can do 550-700 stoploss 410
NSE:FINCABLES An ascending triangle is forming on FINCABLES It may act as short term bullish reversal as if it breaks the high of the peak, It's unable to break it in the previous 4 attempts and the range is getting narrow, has strong resistance at 430 level for almost a year. Wait for breakout then enter. Always define risk in prior. For educational purpose...
Finolex Cable Cmp 450.55 dated 25.5.2021 1. Long 16 months Ascending triangle breakout with huge volume. 2. RSI also giving breakout. Buy for tgt of 550 - 690 SL 420 It is just a view, pls trade at your own risk.
Resistance Breakout done with higher volumes. Now heading towards 500 by keeping stop loss on 425 DCB.
A good price action it is !! Trade as per your risk :)
Finolex has broken the level which was acting as a resistance since Aug 2019.