FZCM | Fazal Cloth MillsTechnical analysis on FZCM:
The price action of the said stock is analyzed on monthly time frame which indicates long term view and many other factors effect this view, so it is advise to do your analysis before take any position in this company.
The price currently testing trend line support, upon confirmation, a pull back is expected towards descending trend line.
A confirmation in technical analysis depends upon bullish candle formation in any form. Keep an eye on this stock and do due diligence before entry into trade.
Remember, things can change.
Make sure to have an exit plan in case the chart changes course.
Thank you for reading.
