(Daily) - Bullish pennat breakout - Strong Resistance Breakout - Bullish Engulfing bar with Volume rise - Above 20 ,50, 200 EMA Target 610
Statistical Brief Market Cap₹ 7,357 Cr. High / Low₹ 485 / 233 ROE15.6 % ROCE19.5 % Debt to equity0.00 Return over 1year81.8 % Return on assets13.9 % Free Cash Flow₹ 227 Cr.
FINOLEX CABLES LOOKS TOO GOOD TO ME TARGETS COULD BE 508,665,700 REASONS FOR SELECTING THE STOCK: ...
Given a breakout around 421rs. Buy on dips
Finolex has broken out of a channel pattern with HUGE VOLUMES..if it pulls back in the next couple of days there is a good chance it will scale 504, 541 564 in the long term...It has not traded with such big volumes anytime which is a bullish sign..Keep watching this space and trade wisely at your own risk.
SUPPORT AROUND 360-365 / TGT 425-430
FINCABLES at support level of 360. If it balances here then we can see uprise till 400 levels since it's a strong company with strong financials and positive growth factors. Would be a good time to load up :) If it falls below 350 then place SL at 345 and load some more
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#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