Stock Picks

Financial Technologies: Pull Back Play

Financial Technologies - 30 MIN
This is a 30 minute TF chart of Financial Technologies which in the past 3 trading sessions has been hammered badly. We have entered the stock at 187 levels with a SL at 170, the quantity is very small. The stock looks set for some relief rally which can take it to 270 levels once 210 breaks. 210 is our first target from 187 range. TSL is at 175 zone. On the 30 minute chart, the stock has successfully given a close above the 8MA and 20MA and could see a 20-25% upmove in next 2 trading sessions.
Note: This is a pure technical pick and no news/reports/fundamentals have been followed. Though the stock is very volatile, the risk-reward is very attractive.
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