Thursday, January 30, 2014

FRL Technical chart

Looking at the FRL Technical chart ,We see a nice spurt from 60 odd level
to all the way up to 90+.
We had correction after that which lasted almost a month it was a range bound
correction,In elliottwave terms FRL did a expanded flat correction.

FRL Technical chart
Now from 79 onwards we have a nice spurt in price which confirms the end of correction.
We have a nice swing trade setup in this script.
This stock is a buy now and in dips with stoploss below 79 for a target of 100+.



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