The stock is in uptrend in Monthly.
It is poised to break out of an inverse head and shoulder pattern.
Entry - 51.15
Target 1 - 59
Target 2 - 64
Target 3 - 69.
It is poised to break out of an inverse head and shoulder pattern.
Entry - 51.15
Target 1 - 59
Target 2 - 64
Target 3 - 69.
Note
Stock has moved up 6% intraday 51.15 -->54.45 in a single trading sessionNote
Target 1 hit, 16% ROI in 5 trading sessions.Note
Swing trade closed at 62. One may trail profits based on today's close till all time high 69.90. 20% ROI done.Note
Expecting it to break all time high for a move of min 80 rs. A further 20% from the previous 40% ROI.Note
A great move approaching 80. That is a a 50% move since the post. Also note that this a monthly breakout of all time high.Note
Now after a long time, filatex is ready for reversal. Targets expecting 63.5-65.8 6-10% move
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.