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Finolex Industries

Discussion in 'Technical Analysis' started by vishuhd1, Mar 22, 2013.

  1. vishuhd1

    vishuhd1 Member

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    Finolex is making higher top and higher bottom since mid Jan 2013... This could be a good buy, however the stock has a strong resistance around 106 levels.. Breaking this, would take the stock to around 120 levels.. Pls share your views..
     
    vishuhd1, Mar 22, 2013
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  2. srspriya06

    srspriya06 Active Member

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    yes i agree... with the stoploss around 90...
     
    srspriya06, Mar 22, 2013
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  3. shabbir

    shabbir Administrator Staff Member

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    Exactly.
     
    shabbir, Mar 22, 2013
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  4. kamat79

    kamat79 New Member

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    if Finolex closes in positive today (25-March), it's indication that it's got strong support at 20 MA line. I think good to enter tomorrow if it opens in green. Shabbir, what say?
     
    kamat79, Mar 25, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    No it is still downtrending after the spike and so wait for the bottom to be formed. Since 14th March it is having red candles and so we should wait for the red candles to stop as well as forming a base or W.
     
    shabbir, Mar 25, 2013
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  6. kamat79

    kamat79 New Member

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    Are we talking about Finolex Techno here? I have written for Finolex Industries.
     
    kamat79, Mar 25, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    No Finolex Industries.

    [​IMG]
     

    Attached Files:

    shabbir, Mar 25, 2013
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  8. kamat79

    kamat79 New Member

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    Hi,

    I think it's got support of 20 days EMA, today also it's not breaking it and will likely to close in green.
    Does that make any sense?
     
    kamat79, Mar 25, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    Just EMA is not what I prefer.
     
    shabbir, Mar 25, 2013
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  10. m_padmakumar

    m_padmakumar Member

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    I think Finolex Inds can be entered at CMP of 137 with SL of 130. Pl. share views.

    Thanks
     
    m_padmakumar, Jun 4, 2013
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  11. shabbir

    shabbir Administrator Staff Member

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    Perfect levels :D
     
    shabbir, Jun 4, 2013
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