Foseco India - Breakout Setup, Move is ON...#FOSECOIND trading above Resistance of 4799
Next Resistance is at 6319
Support is at 3279
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
FOSECOIND trade ideas
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in FOSECOIND
BUY TODAY SELL TOMORROW for 5%
Foseco India - Long Setup, Move is ON...#FOSECOIND trading above Resistance of 3279
Next Resistance is at 4799
Support is at 2264
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support 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.
Foseco Ind Remember my first Idea of RelaxoNSE: FOSECOIND
If Breaks then target could be taken at 1159 as a good Target
Time Frame :- 1 Month
Patterns Name :- Inverse Head and Shoulder
Have a Nice Day to you all
Made By MAYANKTECHRESEARCHING
Comment Below If You want to ask me questions on this on any other idea
Conclusion :-
A Inverse Head and Shoulders which is completed now with breakout shows some forecasts that could be up and could followed by the market
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BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in FOSECOIND
BUY TODAY SELL TOMORROW for 5%
FOSECO INDIAMarket Cap 1,284 Cr.
Stock P/E 30.7
Industry PE 27.4
Dividend Yield 1.24 %
ROCE 22.2 %
ROE 16.6 %
OPM 14.5 %
Promoter holding 75.0 %
Pledged percentage 0 %
Free Cash Flow 14.4 Cr.
EPS 65.5 vs 51.2
- Foseco India Limited is engaged in the manufacture of products used in the metallurgical industry which are in the nature of additives and consumables that improve the physical properties and performance of castings.
- Key products and services include Industrial Dry Powders, Coating Products, Resin Products, Ceramic Filters and Exothermic Sleeves.
- It services the needs of Automotive, Railway and Heavy Transport, Construction and Mining, General Engineering and Petro-Chemicals and Power.
-The Co has state of the art manufacturing facilities in Pune and Pondicherry. It also imports products from its group manufacturing locations in other parts of the world. The company operates in a cellular manufacturing structure.
4.8 Years Multiyear Breakout at FOSECOIND4.8 Years #Multiyear #Breakout under Upward Parallel Channel at #FOSECOIND (Foseco India Ltd) Weekly Chart. Its #Outperformed #Nifty.
BSE: 500150 \\ NSE : FOSECOIND
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
FOSECOINDFOSCOIND
- Stock looking very bullish on charts and ready for breakout.
- Consolidated from FEB till now again ready to move UP.
- Breakout is Multiyear from 2018.
Keep on radar.
Buying Price Above - 1730
Stop loss - 1680
Targets : 1st - 1811
2nd - 2000
3rd - 2300
Big targets can be seen in medium-term.
@tradingview_ @vivek_mashrani @forextidings @Malkana30 @Equitrades @India @Bulls
FOSECOIND (DAILY)According to me and the history I am referring to, the stock gave false hopes earlier to the dates given on the chart.
Think before going long in this.
This is only for Educational Purpose, I myself am a learner
This post contains my thoughts to particular ( RELINFRA ) and will be no responsible for any kind of losses.