Finolex Cable- Near 4 year resistance area
Updated
Leading manufacturer and preferred brand for electrical & telecommunication cables which dominates Indian industry .Now the stock has reached its 4 year resistance line .Not a high momentum seen in the chart. A consolidation happens for last 6-9 months . Q3 results are also good. Can expect a growth up to 650 within next 1-2 months and if volume supports then breaks the consolidation level to 800-900 levels within 3-6 months
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More to come
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