Stock near Support Zone: Finolex Industries
Finolex Industries has been in a downtrend for a long time.
The stock is trading around the key support of 281 levels.
Support levels: 275, 262, 253
20 EMA (Black line) is below 50 EMA (Orange trend), indicating that the bearish trend may continue.
Once the price reaches the support levels, we expect some consolidation.
If a breakout with good volume is confirmed, you can enter for long-term targets.
Resistance levels: 291, 312, 33, 351
The stock is trading around the key support of 281 levels.
Support levels: 275, 262, 253
20 EMA (Black line) is below 50 EMA (Orange trend), indicating that the bearish trend may continue.
Once the price reaches the support levels, we expect some consolidation.
If a breakout with good volume is confirmed, you can enter for long-term targets.
Resistance levels: 291, 312, 33, 351
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