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.
FINPIPE trade ideas
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.
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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.
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Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Multiple Indicators - FINPIPE📊 Script: FINPIPE
📊 Sector: Plastic products
📊 Industry: Plastic products
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of crossover.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 235
🟢 Target 🎯🏆 - 260
⚠️ Stoploss ☠️🚫 - 222
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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FINOLEX INDUSTRIES FOR SWINGIn this script FINPIPE, there is a ascending triangle pattern in W-TF which is going to give a breakout. this stock also performed well in the past. the MACD indicator shows the buying signal in W-TF. it also gave a breakout from a symmetrical triangle pattern in D-TF. Thus, it shows the positive short-term trend.
target- 20% (above 300)
stop loss - below the ascending trend line
FINOLEX INDUSTRIES - Swing Trade - 25th March #stocksFINOLEX INDUSTRIES (1W TF) - Swing Trade Analysis given on 25th March, 2024
Pattern: SYMMETRICAL TRIANGLE
- Pullback candle from Lower Trendline Support - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - Done ✓
#finpipe
Finolex Industries - LongFinolex Industries - Long
Buy & accumulate zone: 215.15 - 227.00
Target 1: 239.90
Target 2: 248.05
Target 3: 271.50
Support: 215.15
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor (and NOT any country-authorized board registered consultant/Advisor). It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
Flex your muscle FINOLEX !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 & Fitting
Shift from PVC Resin to PVC Pipes
FIL is shifting its focus to PVC pipes from PVC resin sales by increasing its captive PVC resin consumption. FIL’s share of captive consumption, which had moderated to 68% in FY21, increased to 75% in FY22 (FY20: 75%, FY19: 74%, FY12: 39%) with a recovery in pipe volumes. With increased demand from the pipe segment, management intends to ramp up utilisation (FY22: 65%, FY21: 57%, FY20: 71%) of P&F capacity over the medium term.
Finolex Industries : Swing Long
Attempting to break all time high levels by forming inv cup & handle.
Abnormal volume spikes are observed.
Candle has given a closing above 233 level which was a important supply area, if candle holds this level we can target till all time high & subsequently T1 & T2.
Momentum appears high, RSI >70
Note: This is just for analysis purpose, please do your own research before punching any orders.
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