Momentum in Finolex Cables (FINCABLES)
Stock Analysis
Trading Strategy
This setup is promising for a profitable trade. Stay disciplined and follow your plan!
- This is the weekly chart of Finolex Cables (FINCABLES).
- Momentum is coming into the stock, making a new high today and breaking the previous high from September 2023.
- The stock is in an uptrend with high volume activities observed.
Trading Strategy
- Swing and Positional Trading: Suitable for both swing and positional trading.
- Target and Stop Loss: Levels are plotted on the chart.
- Keep your stop loss below the mentioned level.
- Hold for the minimum profit level, then trail your stop loss and ride with the price.
This setup is promising for a profitable trade. Stay disciplined and follow your plan!
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