FNELFNEL breaks 50-day SMA and can test 200-day SMA, scalping trade can be consider in this stock. Entry, target & stop loss levels are mentioned on the chart.
FNEL trade ideas
FNEL - KSE100 - Possible setup.FNEL at support level, buy above 4.90 with the Stop loss of 4.30, Take profit 1 5.50, and TP2 6.30.
FNEL | WEEKLY SCALE | BREAKOUT ABOVE 7.0After almost a year of consolidation within an accumulation box, FNEL has given a breakout and successfully reached its target.
Presently, it has encountered resistance at the horizontal zone of 7.0, which marked the first high of the current rally. It is expected to retrace, forming a higher low near the EMA or retesting the accumulation box.
There are two options for a fresh entry:
Buy on the breakout above 7.
Buy on the retest near the EMA.
