Future Lifestyle Fashions Limited FLFL has increasing buying interest and has gained around 5% on NSE on Thursday with Volumes more than 10 times its average trading volumes.
One can Buy FLFL AT 412 with SL 392 and Target of 445 (Expected time frame of 3 Months)
Initiate idea above 411 based on bullish candlestick
T1 471
SL - 385
Due to low volumes and delivery % , it could be a false breakout. Thus, initiate cautiously
FLFL broke out of 65 rupees rang of 295-360 few days back. So expecting 65 rupees upside from 360 giving tgt of 425. SL below 20 EMA, which is currently at 352. We hold.
FLFL has been consolidating for some time now, squeezed in very a narrow range.
Stock has had volume surge today with high delivery percentage of 96%.
Buy as close to 315 possible. Accumulate before it starts its next rally. We might see some action in this week or in next week for sure.
Note :This is my view about this stock, please carry out your own...
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NSE:FLFL
