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DevanNaayar
Feb 11, 2023 10:11 AM

Finolex Cable- Near 4 year resistance area 

FINOLEX CABLESNSE

Description

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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