Opportunity to earn upto 50% + in Short-term Trade
CMP: 54.15 (good above 54.50)
SL: 49.5
Target: 62 | 70 | 82
( Targets calculated on the basis of Fib.)
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have...
Future Lifestyle
NSE:FLFL
Cmp - 72
Stop - 59 on DCB
Expectation -
T1 - 90
T2 - 110, Review at 90
Expected Holding Period - 20 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Future Lifestyle - Adding a pilot position @ 480
FLFL sales have been growing at 10.5 % since 2015. Earnings are growing at 71%. The stock is trading near an all-time high with a sustained price strength. I have initiated a pilot position and will be adding more depending on how the price behaves in the coming days.
The stock has been trading above 50 ema for more than 2 months. The price has shown strength and is moving up with increasing volumes. Sales are pretty robust for the past three quarters with an accelerating EPS. 2019 annual earnings report will give us a better financial standing of the company.
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...
