FINCABLES trade ideas
Huge volume BreakoutFinolex has broken out of a channel pattern with HUGE VOLUMES..if it pulls back in the next couple of days there is a good chance it will scale 504, 541 564 in the long term...It has not traded with such big volumes anytime which is a bullish sign..Keep watching this space and trade wisely at your own risk.
FINCABLES AT SUPPORT LEVEL - Target 400FINCABLES at support level of 360. If it balances here then we can see uprise till 400 levels since it's a strong company with strong financials and positive growth factors. Would be a good time to load up :)
If it falls below 350 then place SL at 345 and load some more
Finolex Cables as per Elliott Waves#TechnicalAnalysis #NoRecommendation #DoYourOwnResearch #EducationalOnly #Holding
Long in FINOLEX CABLES#Finolex Cables trading in a very important zone .. there is a Resistance & also a major Trend line Resistance area.. Need to break with Big Green Candle & Volume too... Good Long opportunity!
Pullback opportunity in FINCABLEA pullback opportunity is spotted in FINCABLE. This is a swing trade.
I have risked 1% of my trading capital. Below are my trade specifics.
Entry : 382.20
SL : 363.90
TGT : 424.75
Finolex go long in cash for big targetsAscending triangles forming on several levels
BO 1 right now
BO 2 429
Targets and support mentioned on chart
There are too many lines on chart.
Swing Trade Idea #222 : Long on FINCABLES This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Weekly Breakout Done-Finolex CablesStock is showing good momentum and confirmed the weekly breakout on charts. If today it sustain above 312 level then we can see good upside on this stock.
CMP 312
Finolex Cables - Looks Promising Going AheadFinolex Consolidating along 200 DMA, is also above 30 Week MA. Classical Stan Weinstein playbook playing out here. I would be more comfortable weekly closing above 318. Let us see.
Disc: Not a SEBI Registered. I post charts for my own study.
Finolex Cables - Intraday Trade SetupFinolex Cables CMP – 287.90
Bullish flag pattern to be seen. One can go long on this stock for Intraday trade setup with the following entry, exit & stop loss.
Buy range 285 - 290 / Stop Loss 280
Target 1 - 295
Target 2 - 297
Target 3 – 300 / 305
Note: This is my view and for educational purpose only
Finolex Cables Ltd. Finolex Cables Ltd. going to make a Falling wedge pattern .if it will break up of down side after that take position longer or shorter.
