FINPIPE trade ideas
RoundBottom Breakout (Weekly TF) - FINOLEXINDPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
FINOLEX INDUSTRIESVolume spikes seen in breakouts. can add on dips for long term purpose. targets as per the levels.
FINPIPE - NEW HIGH ?The market has recently witnessed a significant cup and handle breakout, characterized by a substantial surge in trading volume. This breakout has been accompanied by a notable development: the retesting of a monthly resistance level, which has now transformed into a robust support level.
The conspicuous increase in trading volume serves as a strong indicator of the underlying price strength and investor interest. Additionally, the Relative Strength Index (RSI) is also signaling price strength, further confirming the bullish sentiment in the market.
In summary, the combination of the cup and handle breakout, the retest of the monthly resistance turned support, the substantial trading volume, and the supportive RSI readings all suggest a favorable outlook for the price of this asset.
Note:- Not financial advice only for educational purpose
FINPIPE - Bullish Momentum with VolumesNSE: FINPIPE is closing with a bullish momentum 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 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
FINPIPE - Go for Long Finpipe has broken the triangle pattern and looking good for a long position.
Entry - 175/173
T1 - 181
T2 - 190
SL - 168/167 candle closing
Finolex industries Good buy opportunity
Consolidated stock
Breakout found buy it
Wait for some month good
Roi
Finolex Industries Ltd: (Short)
Finolex Industries Ltd: (Short)
Expecting a downside correction towards the 130-140 levels in the short term.
Finolex InustriesStock was uptrend from 58 to 244.
Then retraced 61.8% of the move.
Wedge with double bottom
Second bottom lower than first low
Oscillator 5,35 green
CCI green
Stochastic black bar on top
Broke and retraced.
Taking support in 9-week MA last few days
Generally, when stock retraces to 61.8% i see double top possible.
In current market conditions I will keep SL as lose below 21 ema
Finolex Pipes: Potential breakoutFinolex pipe is a potential breakout candidate on a weekly chart. Keep it on your radar!!
FINPIPE Elliott Wave Analysis in TamilFinpipe good for swing target
finpipe next target 0.618 its going on pullback
FINOLEX INDUSTRIES1 stock has given breakout in daily timeframe
2 stock above 20 50 ema
3 stock has broken important resistance
4 high volume has confirmed price
5 3 white solider candlestick pattern
FINOLEX INDUSTRIES--BUYbuy today in the range of 142 get rs 4 dividend as ex date is 22 august . once crosses 146 level you will see real power and will target minimum 152 and above it 164
FINOLEX INDUSTRIESbuy with a small stoploss will show real power once crosses 201 with volume. At support level accumulate.
Go longBullish stock, Breaking its previous high with strong bullish candle and high volume./
Good opportunity to grab.
BUY FINOLEXIND @205-210 TGT 240/282 SL BELOW 180 The stock is giving consistent returns and currently holding above 20 week MA. Any breakout above doji will resume the uptrend in the stock
FINOLEX INDUSTRIES In hourly chart showing bottoming out pattern BUY for long as double bottom in hourly chart and RSI showing positive momentum a break above 206.50 required for momentum to gain and end of fourth wave.fifth wave has a target of Rs 260(long)
Finolex Industries LtdKEY POINTS
Strong Backwards Integration
The company is the only large vertically
Good**
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 26.04% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 34.91%
Bad**
The company has delivered a poor sales growth of 6.89% over past five years.
Finolex Industries Positional Long for 6 months to 1 year time
Finolex Industries Positional Long for 6 months to 1 year time
Disclaimer: These levels are purely based on Price action/demand and supply zones & Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor for before making trading decision.
Finolex industries Finolex industries broke it's last swing high and channel pattern with normal volume
A good indication to enter
Trade at your own risk
Book timely profits
If you are not in profits, wait until you are profits. There can only good trades when you enter, until and unless you exit with losses- they will turn into bad trades.
Educational purpose only *******
Do loke and follow
