A potential swing trade in Finolex cables , a prominent figure in the cable manufacturing sector.
Reasons are listed below :
Target - 1020 // 1150 // 1210
Stoploss - weekly close below 805
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- The stock bounced convincingly from the strong support level of 850, indicating solid buying interest at this price point.
- A hammer candlestick on the weekly timeframe signals a potential reversal, suggesting a shift from bearish sentiment to bullish momentum.
- The appearance of a morning star pattern on the daily chart adds further confirmation to the bullish bias, signaling a possible trend reversal from bearish to bullish.
- The stock finds support at the 0.382 Fibonacci level, reinforcing the bullish outlook.
- Volume Surge: Witness a notable increase in trading volumes, reflecting growing market interest and potential accumulation by investors.
- FinCables has been consistently making higher highs on larger timeframes, indicating a trend of increasing bullish momentum and reinforcing the potential for upward movement.
Target - 1020 // 1150 // 1210
Stoploss - weekly close below 805
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Ghi chú
Price up by 11.2%++ from our buying priceGhi chú
15% ++ achieved, we are very close on 1st target.Đóng lệnh: đạt mục tiêu
1st target done : achieved 19% ++Ghi chú
price made a new higher low and then a new higher high i.e the trend is intact.Hold for targets
Đóng lệnh: đạt mục tiêu
2nd target achieved : 33% ++Ghi chú
Achieved 55%++Ghi chú
Achieved 71%++Ghi chú
Achieved 80%++Ghi chú
Achieved 85%++Ghi chú
Achieved 93%++
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.