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Swastik24

Fineotex Chemicals Ltd short term swing setup

Long
FINEOTEX CHEMICAL (NSE:FCL)  
Swastik24  
NSE:FCL   FINEOTEX CHEMICAL
Chart Patterns Fundamental Analysis Trend Analysis fineotexchemicals fineotexchemicalslong fineotexchemicalsbuy fineotexchemicalstradeidea fineotexchemicalsswingsetup
3
0
chartpattern fundamental trendanalysis fineotexchemicals fineotexchemicalslong fineotexchemicalsbuy fineotexchemicalstradeidea fineotexchemicalsswingsetup
A nice Cup with Handle pattern formed as highlighted.

Better to enter after trendline breakout with increase in volume for more conviction.

Technical target is around 446.5 (46.97% ROI from CMP)

Stop Loss below 268.5 (1:4 R:R)

One of the best fundamentally sound chemical stocks to invest for long term.
ROCE 37.3 %
ROE 28.9 %
Debt to equity 0.02
Current ratio 3.58
Quick ratio 2.83
Piotroski score 9.00

Do your own due diligence before taking any action.

Peace!!



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