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shankernurani

FCL maintains a bullish trend, targets 251 with 2:1 RR Ratio

Long
FINEOTEX CHEMICAL (NSE:FCL)  
shankernurani  
NSE:FCL   FINEOTEX CHEMICAL
Chart Patterns Fundamental Analysis
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chartpattern fundamental
After touching a recent of 235 stock retraced to 193 levels and now finding support at that level and started bouncing back. Stock is fundamentally a strong specialtiy chemicals company and if the trend continues and volumes picking up we can see fresh highs in the coming days. Now at 208 stock targets 251 with a stoploss at 185 levels. A risk reward ratio of 2:1
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