FINPIPE trade ideas
finolex indnear b/o level of 2017 sustain & close above 155.. open to sky with good rsi & adx support from indicator also.
watch for day high given range breakoutbuy finpipe above 715 keep sl 699 for intraday and 675 for swing trade
FINOLEX PIPE for Swing: Long Pending BO! 🌪SL: 671. The scrip is already very near to ATH level. May break that too.
Finolex Industries ready to take off !!!Finolex Industries ready to take off !!!
✅buy @650-60 range✅
sl 600
trgt 700-750-850++🎯🎯
long 1000+
study then invest🙏
🔹chart looks good
🔸stock perfectly respecting the uptrend channel
🔹700-705 level acting as a good resistance ,anytime can see a massive movement from current level.so keep it on radar guys.
🔸Finolex Industries, the largest manufacturer of PVC pipes and fittings, on Tuesday reported a massive 174.2 percent jump in net income to Rs 255.8 crore for the third quarter ended December driven by a near doubling of operational margin.
#superb q3🔥
Inverted Head and Shoulder ChartLikely to reach 780 level and more.
Pros: Trading nears its all time high, has registered a good result in last quarter and more over Pvc pipe has observed hike in their price during last month.
#FINPIPE Accumulate for CUP & HANDLE BO#FINPIPE Accumulate for CUP & HANDLE BO on Weekly Chart.
Details provided on chart.
Finolex Industries to commence Extended 5th WaveDISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
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Stock consolidating in parallel channel would be broken in 5th wave to move higher
With 573 Stop loss look for 815(easy target) then 950+
If sharp rise seen going beyond 1010 we can expect 1450+ targets in 1.618 extension of wave 5
expecting big movebounce from the trendline
channel breakout
fibbinaci retrace and bounce from 38% level
volume
Finolex long opportunityA break above the green box will turn it into long term bullish mode
Buy at current price
Hold for 735 for swing trade
Stoploss 3.5% at 612
FINPIPE#finpipe #finolexindustries Finolex... would love to see more consolidation but lookin at Apl APollo looks like it may soon follow..
My Weekend Picks 6/11/20These are breakout stocks which can perform good in near term. Buy on weekly closing basis.
Bullish engulfing Finolex industriesDetails mentioned in chart
buy above 593
Target 623
SL 575
Trading above 50/200 EMA
Finolex IndustriesConsolidation phase seems to be over and the volume is above average. Breakout with volumes and needs follow up action. Touching multiple tops.
Target 530, 549, 572
Not a SEBI Authorized Advisor. Views are for personal trading.
Finolex industriesAdded 25% of total qty with SL 435 on WCB
Next Buy Range = 490-460
Reason to buy:-
1. Trading above 50 RSI
2. Trading above 200 EMA
3. Weekly zig-zag brkout.
"Alert"_______ Time to buy "Looking bullish from current levels and expecting minimum 5% to 7% returns."
****Disclaimer****
" Trade with risk management but don't get afraid of taking risks because if you afraid to taking risks than you don't able to make big profits."
