#Finolex Cables trading in a very important zone .. there is a Resistance & also a major Trend line Resistance area.. Need to break with Big Green Candle & Volume too... Good Long opportunity!
A pullback opportunity is spotted in FINCABLE. This is a swing trade.
I have risked 1% of my trading capital. Below are my trade specifics.
Entry : 382.20
SL : 363.90
TGT : 424.75
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn...
Stock is showing good momentum and confirmed the weekly breakout on charts. If today it sustain above 312 level then we can see good upside on this stock.
CMP 312
Finolex Consolidating along 200 DMA, is also above 30 Week MA. Classical Stan Weinstein playbook playing out here. I would be more comfortable weekly closing above 318. Let us see.
Disc: Not a SEBI Registered. I post charts for my own study.
Finolex Cables CMP – 287.90
Bullish flag pattern to be seen. One can go long on this stock for Intraday trade setup with the following entry, exit & stop loss.
Buy range 285 - 290 / Stop Loss 280
Target 1 - 295
Target 2 - 297
Target 3 – 300 / 305
Note: This is my view and for educational purpose only
