Momentum in Finolex Cables (FINCABLES)

24 במאי

Stock Analysis

1. This is the weekly chart of Finolex Cables (FINCABLES).
   
2. Momentum is coming into the stock, making a new high today and breaking the previous high from September 2023.
   
3. The stock is in an uptrend with high volume activities observed.
   

Trading Strategy

• Swing and Positional Trading: Suitable for both swing and positional trading.
  
• Target and Stop Loss: Levels are plotted on the chart.
  

• Keep your stop loss below the mentioned level.
  
• Hold for the minimum profit level, then trail your stop loss and ride with the price.
  

This setup is promising for a profitable trade. Stay disciplined and follow your plan!