Finolex cables keep on radar

By chartistamey
Updated
FINCABLES had given a very strong volume breakout from Inverted head and shoulders on 29th July. It had confluence with 200 DEMA breakout. It has been consolidating since 29th July in a tight range.
Once the stock breaks 445, it will move quickly to 475 levels.
Risk reward ratio at CMP is very attractive
Trade closed: target reached
478 high made on 17th Aug
200demaconsolidationFibonaccifinolexcableHead and ShouldersInverse Head and ShouldersTrend Analysis
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