Mid Cap STOCK PICK - Finolex Industries

Traderji

Super Moderator
#1
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.
 

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Traderji

Super Moderator
#2
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
 

MSN1979

Well-Known Member
#6
Well I am visiting here in 2018 only 14 years later :D. Back in the days very few had computers. Traderji was already marking double bottoms :D
 

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