Buy FCL above 380
Target of 404-447-474-500-550-600
SL 297
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks to months
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
400 levels are the good buying area. Once can start buying few quantities every month. Fibonacci levels and predicted price movements are as marked in chart. Next target would be 600.
Stock name = Fineotex Chemical Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling...
FCL (Favorable Corporation Limited) is currently showcasing an impressive technical breakthrough on the monthly time frame, setting the stage for a compelling bullish trade opportunity. This breakout, coupled with robust trading volumes, highlights a significant shift in market dynamics, capturing the attention of traders who rely on technical indicators.
Key...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
FCL gave weekly resistance zone with a strong bullish candle with gud volume this can be look to play for swing by keeping the sl of this candles low by keeping a little buffer for the target of 1:2:3.
looking good chart
The company has shown a good profit growth of 69.00% for the Past 3 years.
The company has shown a good revenue growth of 31.88% for the Past 3 years.
Company has been maintaining healthy ROE of 21.64% over the past 3 years.
Company has been maintaining healthy ROCE of 27.47% over the past 3 years.
Company is virtually debt free.
The company has...
Stock is forming H&S on weekly chart. Look for target above 400.
Those who bought at the green support levels , will get double return.
New Entries at this point will yield only 20 to 40%. Don't expect more than that.
Fcl is a chemical stock which gave good returns in the past. Cup and handle breakout ensures beginning of next bull run. However traders can keep sl below 290
Chemical sector gaining momentum and this is my favourite stock, currently trading at the pe of 33, ROE-32.39%, market cap 3111cr, need to close above 320 then 350-380 possible
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...
NSE: SUNCLAYLTD is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on...
a round bottom pattern is visible on the daily and weekly chart of FCS ltd. Breakout is possible.
RSI indicator shows strength , as it goes above 50
MACD indiacator also shows the positiveness.
I am not a sebi register analyst. So do your own research before investing.
Cup and handle breakout in FCL . One can take the long position as the retest also happened and under the strong support of 50% Fibonacci and 200 dma both coincides with price 280
