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FINOLEX INDUSTRIES LTDFINOLEX INDUSTRIES LTDFINOLEX INDUSTRIES LTD

FINOLEX INDUSTRIES LTD

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FINPIPE trade ideas

FINPIPE Trading Within Fresh Demand ZoneFINPIPE is currently trading at ₹255.7, positioned within its demand zone between ₹257.7 and ₹251.3, identified on 24th April 2024. This fresh zone remains untested, suggesting potential buying interest if the stock price consolidates within this range. Investors may watch for signs of support, which could present a buying opportunity with a potential upward move. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:FINPIPELong
by rush12799
Finolex could not sustain the breakout, whats next?Failed breakout means buyers trapped. It tried to bounce back but failed again. The stock may soon touch 245 levels. Observations from the Chart: * Downward Trend: The overall trend of the stock appears to be downward, as indicated by the descending channel formation. * Failed Breakout: The stock attempted to break above the resistance level but failed, leading to a bearish candle. This suggests a lack of buying pressure and a potential continuation of the downtrend. * EMA Crossovers: The 10-day EMA has crossed below the 20-day EMA, which is another bearish signal. This indicates that short-term momentum is weaker than the long-term trend. Potential Scenarios: * Continuation of Downtrend: If the selling pressure persists, the stock may continue its downward movement and test the lower boundary of the channel or even the 245 level as mentioned. * Consolidation: There's a possibility that the stock may consolidate within the channel for some time before making a decisive move. This consolidation phase could be characterized by sideways price action or small fluctuations within the channel. * Potential Reversal: While unlikely given the current technical indicators, a reversal could occur if strong buying pressure emerges and the stock breaks above the resistance level. However, this scenario is less probable at the moment. Recommendations: Given the current technical outlook, it's advisable to adopt a cautious approach towards this stock. Consider the following: * Avoid Buying: It's not recommended to initiate new long positions in this stock at the moment. * Existing Positions: If you already hold a long position, consider tightening your stop-loss to protect your capital. * Short-Term Traders: Short-term traders could consider short-selling opportunities if the stock breaks below the lower channel boundary or the 245 level. However, this should be done with proper risk management. Disclaimer: This analysis is based on the provided chart and technical indicators. It's important to conduct thorough research and consider additional factors before making any investment decisions. Technical analysis is not foolproof, and market conditions can change rapidly. Always consult with a financial advisor to get personalized advice.
NSE:FINPIPE
by Stock_market_signals
Finolex Industries Ltd ( FINPIPE)- AnalysisBullish Levels -day closing above above 307 (early entry) then 340 (safe entry if day closing above this) the 404 to 411 Bearish levels :- Day closing below 288 Swing trade SL then 250 (SL for Long term Investor) below this more bearish. **Consider some Points buffer in above levels **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you
NSE:FINPIPE
by PrashantTaralkar
Medium term trading opportunity in Finolex Ind for v. good upsidHi, NSE:FINPIPE has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:FINPIPELong
by raigvivek
Breaking Out From Falling Wedge Pattern- Looking Bullish ✅The stock has broken out of a falling wedge pattern, which is a bullish reversal structure. The breakout signals that the consolidation phase has ended, and the stock is now ready to resume its upward movement. A falling wedge pattern typically indicates a strong potential upside once the breakout is confirmed. ✅ There has been a significant increase in volume as the price broke out of the wedge, confirming strong buying interest. The spike in volume suggests that institutional investors may be entering the stock, adding to the momentum behind the breakout. ✅ The price has been forming higher lows, a bullish signal indicating that demand is increasing at each dip. This continuous accumulation at lower levels further strengthens the case for a strong rally ahead. ✅ The RSI is currently at 72 entering the overbought zone. While this indicates strong bullish momentum, traders should be cautious of a potential pullback. However, if the RSI remains elevated for an extended period, it often signals a sustained rally, particularly after a breakout from a strong pattern like the falling wedge. ✅Based on the height of the wedge, the next immediate target is 350, followed by 365, which aligns with previous resistance levels. If the stock manages to maintain its momentum and volume, it could move toward these levels in the short term. ✅A retest of the 300-305 zone may occur before further upward movement, providing an opportunity for additional entries. However, if the price remains above 310 without a retest, it indicates sustained bullish strength and could accelerate the move towards 350+.
NSE:FINPIPELong
by Marketik
FINPIPE bullish; above 326 ? - Monday 3-June.The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
NSE:FINPIPELong
by JJ_Breakouts
FINPIPE Analysis & Prediction in DTFThis is the analysis of FINPIPE in Daily Time Frame. Watch carefully. The chart explains itself. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About FINPIPE : Finolex Industries Ltd. engages in the manufacture and sale of polyvinyl chloride (PVC) pipes and fittings. It operates through the PVC, and Pipes and Fittings segment. The PVC segment produces and distributes PVC resin. The Pipes and Fittings segment focuses on the manufacture of pipes and fittings required principally in the agriculture, and construction industries. The company was founded by Prakash Prahlad Chhabria on March 28, 1981 and is headquartered in Pune, India.
NSE:FINPIPELong
by suraranjanganguli
FINPIPE | Positional Trade📊 DETAILS Sector: Plastics - Tubes/Pipes/Hoses & Fittings Mkt Cap: 15,133 cr Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial operations. Its product portfolio consists of two major divisions: PVC Resin PVC Pipes & Fittings TTM PE : 31.84 (High PE) Sector PE : 80.60 Beta : 0.88 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 9.37% away from 52 week high Outperformer - Finolex Industries up by 13.49% v/s NIFTY 50 down by -0.87% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:FINPIPELong
by Munish_Jain
FINPIPE - Ichimoku Breakout📈 Stock Name - Finolex Industries Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 286. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap
NSE:FINPIPELong
by nikunjbhadja
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