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Rugminik

FILATEX - Poised for a 15-30% Upmove

Long
FILATEX INDIA (NSE:FILATEX)  
Rugminik Updated   
NSE:FILATEX   FILATEX INDIA
Trend Analysis Chart Patterns Head and Shoulders FILATEX swingtradingsetup swingtradeidea stockstobuy investment equitytrading indianstocks Inverse Head and Shoulders
13
14
trendanalysis chartpattern headandshoulders filatex swingtradingsetup swingtradeidea stockstobuy investment equitytrading indianstocks inverseheadandshoulders
The stock is in uptrend in Monthly.
It is poised to break out of an inverse head and shoulder pattern.

Entry - 51.15

Target 1 - 59
Target 2 - 64
Target 3 - 69.
Comment:
Stock has moved up 6% intraday 51.15 -->54.45 in a single trading session
Comment:
Target 1 hit, 16% ROI in 5 trading sessions.
Comment:
Swing trade closed at 62. One may trail profits based on today's close till all time high 69.90. 20% ROI done.
Comment:
Expecting it to break all time high for a move of min 80 rs. A further 20% from the previous 40% ROI.
Comment:
A great move approaching 80. That is a a 50% move since the post. Also note that this a monthly breakout of all time high.
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