I have been tracking Finolex Industries (FINPIPE) and it's giving a breakout today at 82 off. Has tested 85 off earlier on. Through the last sessions of volatility and correction this has stood firm on good volume.
I expect it to test 90 plus quite soon.
Keep a good watch. I expect it to do well over the next few weeks.
The s/l is 76 to make it tight, or 72 final.
Hi Kamalesh...I have been thinking of this a few days now...
We have a few people who are constantly looking into the technical aspects of counters, but none really who is good with the fundamental stories.
I'd like to suggest if you could fill this important gap here at the forum from time to time, and some of us can come in on the technical view on the counters you may post on a new thread.
Do think about it please.
It's an important area which is rather deficient here.
Thanks.
I have been tracking Finolex Industries (FINPIPE) and it's giving a breakout today at 82 off. Has tested 85 off earlier on. Through the last sessions of volatility and correction this has stood firm on good volume.
I expect it to test 90 plus quite soon.
Keep a good watch. I expect it to do well over the next few weeks.
The s/l is 76 to make it tight, or 72 final.
Today certainly proved you to be absolutely spot on.
All resistance levels along the way to 545 were breached. However, do you think it will now be range bound or will it again break the shackles. I shall try to analyse the pattern and return tomorow for your expert and valued opinion.
Thanks once again.
bmcg
AMITBE said:
Hi Bmcg...I had written this last night:
"What can be seen from past patterns is, the higher it reaches, more sharp the volatility gets."
It is difficult to say if it will retrace each time. There will come a time when all the resistances in the way will go, but when and how, one is not clear.
Thanks.
Hi Kamalesh...I have been thinking of this a few days now...
We have a few people who are constantly looking into the technical aspects of counters, but none really who is good with the fundamental stories.
I'd like to suggest if you could fill this important gap here at the forum from time to time, and some of us can come in on the technical view on the counters you may post on a new thread.
Do think about it please.
It's an important area which is rather deficient here.
Thanks.
Agree with Amit whole heartedly........Kamalesh,notice that u r rather strong from fundamental perspective.Would be of great benefit if you could pour your fundamental knowledge and wisdom into a separate thread like Amit said.....