INV HEAD AND SHOULDER IN FINOLEX CABLES-EDUCATIONAL PURPOSE

Wait 5 sec.

INV HEAD AND SHOULDER IN FINOLEX CABLES-EDUCATIONAL PURPOSEFinolex Cables LimitedNSE:FINCABLESmgvirus1 Inv. H & S pattern is observed in Finolex cable after downfall which shows reversal. Significant volume spike noticed . Higher high higher low pattern is also noticed on daily chart which indicates uptrend. Long position can be initiated on little correction till 880 Target : 1641 ( 86%) Stopploss : below 700 on weekly closing basis (-20%) Risk Reward Ratio : 1:4.2 Time horizon : 40-48 months ONLY LONG TERM VIEW, NOT FOR SHORT TERM TRADING