KEY POINTS Strong Backwards Integration The company is the only large vertically Good** Company has reduced debt. Company is almost debt free. Company is expected to give good quarter Company has delivered good profit growth of 26.04% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 34.91% Bad** The company has delivered a poor...
Finolex Industries Positional Long for 6 months to 1 year time Disclaimer: These levels are purely based on Price action/demand and supply zones & Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please...
Finolex industries broke it's last swing high and channel pattern with normal volume A good indication to enter Trade at your own risk Book timely profits If you are not in profits, wait until you are profits. There can only good trades when you enter, until and unless you exit with losses- they will turn into bad trades. Educational purpose only ******* Do...
Falling wedge breakout in FINPIPE
Finolex Industries finds support at bottom of Channel target 730-750 channel top
BUY ABOVE CLOUD AND SAR 0.01, 0.01, 0.01 AND SL SUPPORT ALSO SAR TOP
FINOLEX PIPES (NSE: FINPIPE) LOOKING GOOD TO GO LONG CONTINUOUS CLOSE AROUND 670-680 WILL TAKE IT FURTHER TO 758 AND 825 LEVELS CURRENT PRICE: 678.20 ONLY FOR EDUCATIONAL PURPOSE, NOT A BUYING RECOMMENDATION.
lets see how price reacts ... looks bullish to me..... for me buy on dip candidate
In clear uptrend since 2013. Started retracing in 2018 & that down Trendline has been broken. Previous resistance of 540 has been turned into support. Good entry point for a swing trade as well as investment purpose.