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
