#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
Ascending triangles forming on several levels BO 1 right now BO 2 429 Targets and support mentioned on chart There are too many lines on chart.
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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
Buy FINOLEX CABLES for 296 327 344 372 386 SL 229
Finolex Cables Ltd. going to make a Falling wedge pattern .if it will break up of down side after that take position longer or shorter.