FCEPL LONG TRADE- RE-ENTRYFCEPL has been going through WYCKOFF RE-ACCUMULATION PHASE since Nov 2024.
It has broken out this phase with heavy Weis Wave Volumes and has pulled back with lighter volumes.
Though Measured Move shows Targets beyond 130, but remaining on conservative side we'll keep target just below next 1H SZ at 122.
SL should be below higher low of PB
BUY FCEPL 103-107
TP 122
SL BELOW 97
FCEPL trade ideas
Beautiful candle but Bearish Divergence is also there..
Beautiful candle formed on Weekly basis.
But Bearish Divergence is also appearing
& a very strong resistance is around 111.
Crossing & Sustaining this level will expose
125+
Remember, if 104 - 105 is not sustained, the channel
bottom is around 80 - 82
Bullish Flag / Pennant Pattern Formation appearing.
Bullish Flag / Pennant Pattern Formation appearing.
87 - 88 is the Breakout Level; but Important Resistance
lies around 90 - 92
Closing above 100 - 101 would trigger more positivity.
Crossing & Sustaining this level may expose new Highs
around 130.
However, it should not Break 73.
FCEPL*The price action is forming an ascending triangle, which is generally a bullish continuation pattern.
*The RSI at the bottom shows market momentum and potential overbought/oversold conditions.
*Bullish Strategy: Buy after a breakout above 93 , with targets at 111 and 117.
*Bearish Scenario: If the price fails to break out and falls below 75
it could invalidate the bullish pattern, leading to further downside.
Long FCEPLThis share has a great potential and good for investors.
Last year's full-year earnings were Rs 1.93 per share. This year, after 3 quarters, the earnings is Rs 2.63 per share. This is the massive increase, and probably it beats Rs 3 per share after 4th quarter. That it will have an increase of around 40%.
Technically it has broken weekly EMA 200 resistance.
Retesting done at month level
Monthly trend line broken
All targets given through yellow lines
FCEPL is BullishPrice was in a strong downtrend, however a matured bullish divergence led to the break of previous lower high, the bullish notion was further affirmed by the printing of a higher low. If bulls maintain pressure then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.