Hi All, Buy Finolex Industries , the stock is currently at 501 levels. Buy the stock in correction as well. Any decline in stock will also be good opportunity. Keep target of 620-625 which is 24% from current levels of 501. Keep initial stop loss of 425 on weekly closing basis. Once the stock starts moving up, then trail the stop loss to you buying price....
Swing Trade Buy Finolex Cables Target given in chart
Buy = 506.55 SL = 484.98 Target 1 = 549.69 arget 2 = 571.26 13/09/2021 Bullish NSE:FINCABLES-->Finolex Cables Ltd Buy for short term
major trendline support and immediate swing broke out dips are bying oppurtunity, analysis and levels mentioned onchart
Give tge break out above the trend line . After taking support.
Darvas Box Theory Finolex Cables Ltd formed such 4 Darvas boxes on the daily charts
Buy Finolex Cable Above 550 Target 5-8% upside.
(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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