Fineotex Chemicals Ltd short term swing setupA 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!!
