Enter only when 15minute candle closes above the Entry Zone Price - 1559 Target with Risk to reward 1:2 is 1940 Stoploss only when 1 day candle closes below the price - 1369.15 Note: This is not any financial advice, this is for education purpose only.
A potential swing trade in Finolex cables , a prominent figure in the cable manufacturing sector. Reasons are listed below : The stock bounced convincingly from the strong support level of 850, indicating solid buying interest at this price point. A hammer candlestick on the weekly timeframe signals a potential reversal, suggesting a shift from bearish...
Finolex Cables Ltd. principally engaged in the manufacturing of of Electricals Cables, Communication Cables & Other Electrical Appliances. Its manufacturing facilities are located at Panjim in Goa, Pune in Maharashtra and Roorkee in Uttarakhand. Finolex Cables Ltd. CMP is 967.35. The Negative aspects of the company are High Valuation (P.E. = 23.1), Declining...
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
Finolex cable is a strong candidate for a breakout. Keep it on your watchlist.
Hi All, Buy Finolex Industries , the stock is currently at 501 levels. Buy the stock in correction as well. Any decline in stock will also be good opportunity. Keep target of 620-625 which is 24% from current levels of 501. Keep initial stop loss of 425 on weekly closing basis. Once the stock starts moving up, then trail the stop loss to you buying price....
FINOLEX CABLES LOOKS TOO GOOD TO ME TARGETS COULD BE 508,665,700 REASONS FOR SELECTING THE STOCK: ...
Given a breakout around 421rs. Buy on dips