varun_devadiga

Cup and handle breakout in FCL?

Long
NSE:FCL   FINEOTEX CHEMICAL
Possible Classic Cup and handle breakout in Fineotex Chemical.

We can see how volumes have increased near the breakout candle

At present Stock has given a strong breakout with significantly good volume. For further strong up move, price has to close above 240.

All possible targets are marked on the chart. Maintain strict stop-loss at 203.

This is just a view, not recommendation to trade. Do your own analysis before making any investment.

FCL

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