FINPIPE facing golden ratio resistance around 313, Will favor bulls once it closes and holds above 313.

FINOLEX INDUSTRIES (FINPIPE)

• Stock currently holding above 200 DMA, this indicates bulls will be favored.
• Suggested Article - Golden trading rules.
• On upper side Finpipe is now finding strong golden ratio resistance around 313, this indicates once stock closes and holds above 313 then further price rise can be seen in coming days. Close Watch.

FINOLEX INDS moving up from strong support, looks bullish if closes above 344.

FINOLEX INDS

• Stock moving up from strong trend line support zone, and further price rise can be seen once stock closes and holds above 344.
• Chart also indicates stock is moving up from 100 DMA, and also from 23.6% fibonacci retracement this too will favor bulls.
• If stock moves up from current levels and holds above 344 then Finolex Inds will find next strong resistance around 375 its 161.8% fibonacci retracement, close watch.

FINPIPE trading calls, Strength expecting above 344.

FINOLEX INDS (FINPIPE)

• FINPIPE moving up from strong trend line support zone... this will favor bulls, further strength expecting once stock closes and stays above 344.
• Chart also indicates stock is moving up from 23.6% fibonacci retracement and 100 DMA, this too will favor bulls to take stock price further up.
• Once stock closes and holds above 344 then FINPIPE will find next strong resistance around 375 its 161.8% fibonacci retracement. Close Watch.
• Trading Calls.

FINOLEX INDS FINPIPE Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong support, further strength expecting once it closes above 303. (Updated on 22nd August 2014, Friday).

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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