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!
Sujit Kumar Bala
We Learn Investing
We Learn Investing
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Sujit Kumar Bala
We Learn Investing
We Learn Investing
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.