FINEOTAX CHEMICALS is in great UPTREND hey guys ,
FINEOTAX CHEMICAL stock is in great uptrend
this stock has recently crossed it's ALL TIME HIGH
and given a great green candle .
Also the VOLUME is also very high .
The 20 day ema is above the 50 day ema ,
and this stock is very away from 200 day ema
in a UPWARD direction.
i have marked the RR RATIO for you
try to trade according to that.
FINEOTAX CHEMICALS 😀😀
FCL trade ideas
#FCLFinotex Chemical
Need to close and open above 235 for a setup.
Fineotex Chemical has an operating revenue of Rs. 368.23 Cr. on a trailing 12-month basis.
An annual revenue growth of 58% is outstanding, Pre-tax margin of 20% is great, ROE of 21% is exceptional.
The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles
FCL maintains a bullish trend, targets 251 with 2:1 RR RatioAfter touching a recent of 235 stock retraced to 193 levels and now finding support at that level and started bouncing back. Stock is fundamentally a strong specialtiy chemicals company and if the trend continues and volumes picking up we can see fresh highs in the coming days. Now at 208 stock targets 251 with a stoploss at 185 levels. A risk reward ratio of 2:1
Descending Triangle patternThere is a descending triangle pattern which was formed in a time-span of last 30-45 days.
The possibility of the stock to go down is higher than the chance of break out.
EMA Indicator shows a neutral-reversal trend.
BUY this stock if it goes above 136 in 2 weeks.
NOT A FINANCIAL ADVICE.
FINEOTEX CHEMICALS LIMITED :: BULLISHDATE: 23/5/2021
INSTRUMENT: FCL
TREND: BUY
TIME FRAME: DAY
CMP: 83.40
BUY ABOVE: 85.15
STOP LOSS: 78.10
TGT 01: 98.35
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
FCL - LongPositional Call for Swing / Short Term
FCL CMP - 73.70
Looking bullish in higher time frame with breakout. One can go for Swing / Short Term Trade Setup with the following entry, exit & targets.
Buy Range - Below 70 - 75 ONLY / Stop Loss 66
Target 1 - 80
Target 2 - 90
Target 3 - 100
Disclaimer: This is my view and for educational purpose only.
FINEOTEX CHEMICAL LTD 1HRBearish Daily Gartley & 1hr Bearish Bat Strong Zone
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Professionals have no interest to the upside as there is low volume.
Price on breaking of ULTRA HIGH VOLUME Candle LOW with NO DEMAND i.e place for SHORT
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL