Hi Traders / Investors ,
This is a Swing / Positional Trade .
I can see a bullish momentum in Fine Organic Ind because of :-
1) Breakout of Cup and Handle Pattern forming from 6 months and retest.
2) Huge spike in Volumes at breakout.
3) Prior resistance level broke now acting as a Support.
4) Big Bullish Marubozu type candlestick at breakout.
Giving a Risk to Reward of 1:3.5 ,
Entry - 3614 level
Stoploss - 3362 level
Target - 4537 level
This is just an analysis so don't take any decision solely on this basis.
Please give thumbs up if liked this as it requires deep research.
This is a Swing / Positional Trade .
I can see a bullish momentum in Fine Organic Ind because of :-
1) Breakout of Cup and Handle Pattern forming from 6 months and retest.
2) Huge spike in Volumes at breakout.
3) Prior resistance level broke now acting as a Support.
4) Big Bullish Marubozu type candlestick at breakout.
Giving a Risk to Reward of 1:3.5 ,
Entry - 3614 level
Stoploss - 3362 level
Target - 4537 level
This is just an analysis so don't take any decision solely on this basis.
Please give thumbs up if liked this as it requires deep research.