Finolex IndustriesThe stock is at a polarity level where previously it found resistance and subsequently broke out, now it is back at this level...keeping stop loss at 140-142 one can attempt to go long if this week it closes positive
FINPIPE trade ideas
finepipecrossing 200 moving average it can gain moemtum ...showing good price action and volumes also picking support shown which can be the sl
Finolex Retesting breakout levels140 levels were earlier lifetime High resistance and now
We are at same levels after breakout.
125 levels are 200 Week MA.
A good mid term investment opportunity is there with
SL 125
Target : 230
good opportunity in finolex ind/ tarding at lower levelsfundamentally strong stock trading at discount of 40 % / on weekly time frame a clear reversal candle in finolex ind /
ps. its all for educational purpose /
happy invesing / happy trading
FINPIPE Trade Setup For TomorrowFINPIPE has formed bullish flag and pole pattern wait for proper breakout and retest and based on that, one can look for buy side entries.
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good opportunity for swing trade.taking support on 50 sma on daily chart chance for nice swing trade .
FINPIPE - Morning Doji Star formed on 12/27FINPIPE has been moving in the shown formation since 2 weeks and has created a doji today.
if the next candle to this doji opens up higher then it will be a perfect formation of uptrend.
need to observe the opening on 12/28 and is good for small profit booking.
-RSI is median movement.
-Volume for today is less compared to 10 days average
-Delivery 39%
Long On Finolex IndustriesStock has taken support from the trendline and began its Upward journey should give around 30-45% depending upton time it takes to reach resistance level
Breakout on chartBuy at Cmp or in the Dip till 175
with Sl of 162 Clbs.
for the Target of 219,249,299
FINOLEX INDUSTRIES ALL TIME HIGH BREAKOUT WITH GOOD VOLUMEBreakout from resistance of 197.85 with good volume .
Relative Strength is STRONG, with good support at 160.
It's heading towards 238 then 285 in short term and 330 then 375 in medium-long term. #TrendIsYourFriend
Finpipe fibonacci levelsFinpipe share price is currently at crucial 1.618 level of its retracement after the 2020 fall measured rom its previous ATH...if it breaks this level then next target is 304 which is the 2.618 fib level...possibility also remains that share price stays in this 1 - 1.618 level range for sometime then we can see price bobbling around 155 - 209..
It is finding resistance right at the exit gate of 1.618 level and that is the wonder of Fibonacci.
long term little risky upward movement viewon monthly long term chart first it upmove
in upward channel ,but than break down ,
now after making bottom it started upmove ,
and making new high.
and now at lower trendline of channel again.
will it face resistance?? or able to re-enter in main upward channel ??
may be to go much more in long term.
present pattern left maximum upside upto 245.
indicator overbought.
so if one want to observe upside must able to see retrace too.
proper risk management.
decide on ur own.
FINPIPE Gap UP trend |Bull Stock FINPIPE
1. gap up opening good buying pressure stock
2. next target 1 and 2 coming soon
Finolex Pipe Breaks out!Targets and Stop Loss given in chart itself with reasoning...sector is favoured one...we can only analyze so much...rest is upto the market
long term little risky long at this pointon monthly long term chart first it upmove
in upward channel ,but than break down ,
now after making bottom it started upmove ,
and now at lower trendline of channel again.
will it face resistance or able to reenter
in main upward channel.
present pattern left maximum upside upto 245.
indicator overbought.
may be in long term may go much more
but
one want to observe upside must able to see retrace too.
decide on ur own.
Breakout in Finolex Industries...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Finolex Industries ; All set to GO !!Finolex Industries is on the verge of a big big breakout
1. It has broken a rising trend-line and sustaining above it for the first time in a period of twenty long years
2. It has given a breakout of a rising parallel channel and is about to be sustaining above it
3.This breakout is seen supported by life time high volumes, volumes which are repeated after a period of nearly eight years
4. The fibonacci targets come out to be 246 / 273 / 324 / 351 / 380 / 400
finolex industries great breakout with volume, higher high lowerfinolex industries great breakout with volume, higher high lower high structure
FINOLEX INDUSTRIES (Positional Study)~ Swing High Breakout - ✓
~ Price Close at ATH - ✓
~ Positive Spread Performance in all Time Frames - ✓
~ Spread Chart Breakout - ✓
~ RS+ & Increasing Relative Strength - ✓
~ Huge Qty (61.71 lac shares) Delivered on 17th Sept. with Avg. VWAP of 189/-
~ Good Volume Activity during Breakout - ✓
Good Stock to Study & Keep Eye on.
FINOLEX - Breakout from Cup and Handle - 20% UpsideBSE:FINOLEXIND
FINOLEX - Breakout from Cup and Handle
Expecting an up move till 240
SL 180
Disclaimer : Its not a Recommendation
