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
FINPIPE trade ideas
Finolex Industries Life Time High Breakout With Strong VolumeBuy finpipe above 210 stop loss 189 tgt open with
Trailing SL of black line on closing basis
Finolex - Cup and Handle in short termFinolex has given a breakout from cup and handle pattern. Can retest the level again.
FINOLEX - Price and Trend SetupFINOLEX may enter into consolidation as price is getting range bound in recent created support and resistance zone.
Pole and Flag pattern #FinepipeGreaciasly form pole and flag pattern and gave fresh breakout with hudge volume with hudge candle. It will definitely touch 275 in few weeks.
#Finolex long opportunityFinolex long opportunity
Sl-167
target -200+
for good RR enter near 167
CMP:182 @13 September 2013
FINOLEX INDUSTRIES
Target:- 217
Stoploss:- 165
Duration:- 4 to 5 Weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. Use proper stoploss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
Expecting Breakout ✌✌✌This scrip is expected to give breakout as it has formed a descending triangle. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
KEEP YOUR EYES ON THIS STOCK Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 26.02% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 25.94%.
Market Cap
₹ 10,495 Cr.
Stock P/E
12.7
Book Value
₹ 50.6
Dividend Yield
1.18 %
ROCE
35.6 %
ROE
28.8 %
Face Value
₹ 2.00
finpipe weekly chartit broken it's previous weekly resistance, and volume also increasing, we can long this for 180/200 in coming weeks
Finolex Industries stands tall, Buy upcoming Swing!NSE:FINPIPE is going to give a breakout from the pattern. Wait for it to touch or reject the Trendline
and upon retest of upper trendline-
Enter above Rs186
Target : Rs197
3 reasons to buy Finolex industries1) Flag pattern formation
2) Ascending triangle can also be observed.
3) successfully retested previous high and then continuation.
Can be bought for a target of 190. CMP-173.95
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Happy Trading :)
FINOLEX INDUSTRIES(FINPIPE) FLAG AND POLE BREAKOUTWITH GOOD FINANCIALS FLAG AND POLE BREAKOUT WILL DEFINETLY WORK
Finpipe- Power play structure by Mark MinerviniNSE:FINPIPE
Entry - Above 177
SL - Below 170
this is an example of power play structure as taught by Mark Minervini, where he waits for small consolidation in a very strong trending stock and then enters on breakout
FINOLEX PIPEBreakout confirmed on weekly chart of finolex pipe , positional target mentioned on chart.
FIN-PIPE_Ascending Triangle- NEW ATHOn verge of breakout, everything seems positive from chart indicator to fundamentals, one may buy this for an immediate 5-10% upside swing.
Watchout for ATH breakoutThe stock is consolidating around the ATH and can give a good move above 161.9 level
Finpipe looks for another pushFINOLEX trying for breaking out it's earlier High.
Wait for close above 160 may see further levels easily.
