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| Discuss Mid Cap STOCK PICK - Finolex Industries at the Stocks & Shares within the Traderji.com - Discussion forum for Stocks Commodities & Forex; STOCK PICK Trend and Technical Analysis of Finolex Industries Finolex Industries - The beginning of ... |
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#1
14th July 2004, 12:57 PM
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Mid Cap STOCK PICK - Finolex Industries
STOCK PICK
Trend and Technical Analysis of Finolex Industries Finolex Industries - The beginning of a new intermediate uptrend? Since February 2004, Finolex Industries has been facing major resistance at the Rs. 60.00 to 62.00 resistance band. However after the announcement of sops for the agro sector in the recent budget, there has been flurry of activity in this stock which has been confirmed with a huge jump in trading volumes and a close above its resistance band of 60.00-62.00. Investors and trend traders can BUY this stock now or on a pullback to Rs. 60.00-62.00, with a stoploss at Rs. 55.00. Look to Book your trading profits at the previous top of Rs. 80.00 - 85.00 Please see the attached bar chart for a visual analysis. Last edited by Traderji; 14th July 2004 at 02:11 PM. 
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#2
9th September 2004, 08:03 AM
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Re: Mid Cap STOCK PICK - Finolex Industries
Finolex Industries - Revisited
Stock Market Investors who missed this stock previously, can BUY/ADD now as the stock has just cloed above its resistance of 70.00. Keep your stoploss at 64.00. This stock looks like its gonna make a BIG move in the long run. Initial targets are between 80.00-85.00
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