FINOLEX PIPES - DAY CHART - 08.12.2022 - BAHAVAN CAPITALFINOLEX PIPES as per Day Chart Analysis Stock ABOVE 182 TARGET 185
FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week.
Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement.
Happy Profitable trading to all...
FINPIPE trade ideas
Breakout in Finolex IndustriesChart -> Finolex Industries Daily
Big breakout with some crazy volumes! Accumulate on a retest.
CMP: 174
Targets: 185, 196 and 212
Good range: Around 160
SL: 153 daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
FINOLEX BREAKOUTFinpipe was stucked in a very tight range from last few weeks and now gives a breakout on horizontal trendline strong resistance it is perfect example of simple price action so that is why I do not want to complicate it by using some other indicator.
Cause of Long-:
1- Breakout on very strong horizontal trendline resistance.
FINPIPE - Ichimoku Bullish Breakout Stock Name - Finolex Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 163
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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FINPIPE _ Retest of breakout - low risk and high reward tradeThe stock was trading in a highly negative manner, but the downward trendline was broken with good volume, and a retest of the trend line followed the breakout.
This trade can be viewed as a retest of a breakout; it will be low risk and high reward trade.
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