Fiem Industries Limited may be a good choice for swing trading this week, if this stock crosses its previous day high of 1150, better with a price action in 30-minute time frame or sustain over this level on hourly time frame. In that case 1202, 1320 and 1373 will be the target levels. 1069 or 1025 will be the stop loss levels depending upon the risk-taking capacity.
Key points
• Stock is at the support of its monthly CPR
• Stock is at the support of 100 SMA and crossed 50 SMA and sustained.
• RSI is indicating bullish.
• Bullish engulfing on daily time frame.
• Fundamentally strong stock, it can be carried into holding as well
**Personal opinion, not a trading advice**
