FINOLEX INDUSTRIES (FINPIPE)
- FINPIPE is currently moving up from strong trend line support, which indicates as long as stock trades above it will be favored buy bulls, By looking at chart closely, it shows that share will now find trend line resistance around 303, once it closes and stays above 303 then looking bullish for next few trading days.
- Intraday close watch once Share starts trading above 303, if holds above 303 during market hours then intraday bulls action is expecting in FINOLEX INDS.
- Suggested Reading - CROMPTON GREAVES has formed head and shoulder pattern , bulls will get active once share closes above its resistance.
- As per graph no2, stock is moving up from 23.6% fibonacci retracement and 100 days moving average support, this will favor bulls to take this stock further up once it closes above its resistance. Close Watch.
- If stock moves up from current levels and holds above 303 then will find next strong resistance around 333 its 161.8% fibonacci retracement. As shown in technical chart no3.
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