[Premium] Trade Of The Week

JC Parets
October 4, 2021

This week we’re looking at a long setup in the Infrastructure sector. Nifty Infra continues to display strength across different time frames. One of the stocks that stands out from this sector has been featured here.

Let's take a look at this stock.

Finolex Industries has broken out above yet another resistance. We saw a strong move come through above the level of 208 in the week gone by. With this in place and the sector performing well, the tailwinds could be strong here.

The indicator is back in the bullish momentum territory. This bodes well for the sentiment in this trade as well.

We are bullish above the risk management level of 208 with a target just above 300

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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