FIEM Industries Looking good for long, currently it is in a Ascending triangle hope it will break soon, keep tracking this scrip whenever it will break go for long
One of the best stocks of auto sector , if gives a closing above 2020 then it will start its upward journey towards 2500-2800, so keep it in your radar for upcoming session
Key Levels:
Support: 1850
Resistance: 2100
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FIEM INDUSTRIES LTD (1D)
CMP 1909.90
Stock price is showing 3 times contraction
Ready for big move in short term
One can hold for New All time high
Company Quarterly Results on 14th Aug 2023 so trade accordingly
**IT IS A LONGTERM IDEA**
1)Book whole profit at the target price if you want to Freeup capital.
2)Stick to strict stoploss,exit when hit.
3)Use supertrend indicator or monthly MA(Length is Based on your requirement) and sell whole quantity when it hits.
4)Wait as long as it hits the TP.
5)Don't keep your capital allocation not more than 10%...
Considering the actions of last week the script has closed at its ATH price on the accounts of earnings. lets see if the movement still continues an aggressive entry will be at CMP and a safe entry can be made at 1650 levels with the suitable risk apatite can se 2300 level.
PS - view is only for educational purpose.
FIEMIND NSE is bullish if 1377 holds. New 52-week high. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy/Sell Reco. Not Sebi Registered.
Fiem Industries Limited may be a good choice for swing trading this week, if this stock crosses its previous day high of 1150, better with a price action in 30-minute time frame or sustain over this level on hourly time frame. In that case 1202, 1320 and 1373 will be the target levels. 1069 or 1025 will be the stop loss levels depending upon the risk taking...
cmp 1267
trgt 5-10%
sl 1000
pros of the company
The company has reduced debt.
The company is almost debt-free.
Company is expected to give good quarter
The company has been maintaining a healthy dividend payout of 32.14%
cons
The company has delivered a poor sales growth of 4.36% over the past five years.
The company has had a low return on equity of 11.87%...
Buy Fiem .
It will mess up around 50dma for sometime .
but not to worry , FIEM is a good company having a great future in EV segment
Target - 2000 +++ Inshallah
Going long with support line as Closing basis stop loss. This month stop-loss going to be wider because market is trending and supports levels are far. Please keep in mind on position size before initiating the trade.
