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Finolexcable

FinCables Soaring High - Breakout AlertFinCables, the popular stock, is making waves in the market today! I'm here to provide you with an educational and informative technical analysis of this potential breakout opportunity. Key Details FinCables is trading at an all-time high, indicating strong bullish momentum in the stock. today, we witnessed a breakout of the previous high with an incredibly high trading volume, which further supports the bullish case. The opening today was a gap up, suggesting strong buying interest right from the start of the trading session. The current daily candle resembles a Marubozu, indicating that there is little to no selling pressure in the market today. ✅ Trade Idea: Considering the breakout, strong volume, gap-up opening, and the absence of selling pressure, it seems like an opportune time to consider a buy trade on FinCables. However, always remember to conduct your own research and perform proper risk management before entering any trade Please remember that this analysis is for educational purposes only, and I am not a SEBI registered analyst. If you find this analysis helpful, don't forget to hit the like button and share your observations in the comments below. Your feedback keeps me motivated to write consistently! 📈 Follow me on TradingView for more articles and trade setups: in.tradingview.com 🚀💪 Keep pushing your limits and never stop learning! Happy Trading! 💪🚀
NSE:FINCABLESLong
by AfnanTAjuddin
Neat & Clean Multi Months breakout seen in FINCABLESFinolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India. Operating for more than 50 years, Finolex has been able to maintain its leadership position as one of the most diversified wires and cables companies in the country. Besides manufacturing a wide variety of wires and cables, Finolex has also forayed into the manufacturing of Fast-Moving Electrical Goods (FMEG) and home appliances. Over the years, the Company has established itself as a preferred electrical solutions provider for retail and institutional markets in India and created a strong brand name. Market Cap ₹ 11,978 Cr. Current Price ₹ 783 High / Low ₹ 848 / 344 Stock P/E 21.6 Book Value ₹ 263 Dividend Yield 0.77 % ROCE 21.4 % ROE 16.3 % Face Value ₹ 2.00 Debt ₹ 10.9 Cr. EPS ₹ 36.2 PEG Ratio 2.57 Promoter holding 35.9 % Intrinsic Value ₹ 594 Pledged percentage 0.00 % EVEBITDA 15.8 Company is almost debt free. Company has been maintaining a healthy dividend payout of 18.4% Well this is awesome management company and if i talk about technical, it has given proper multimonths breakout. Right now price is very attractive to go long from this levels. Long term investment also good and if anyone wants to go for just swing trade can go with given levels. Chances are high we wiil exit in profits only. If anyone likes my work please like, follow and comment. Thankyou
NSE:FINCABLESLong
by TraderRahulPal
Finolex cables case studyFinolex Cable spot CMP : 455 Study :- Price action + chart patterns + Elliot wave Time Frame :- Daily There is Rising channel formation, currently price is around the demand line of long term structure, on smaller range of time frame there is formation of symmetrical triangle formation, which have demand line around current levels. so there are 2 structure formation as per chart patterns and both have demand levels around current levels. confluence of demand levels gives more confirmation of reversal. Counter have demand zone as per price action, which can be considered as a retest of previous break out levels, demand zone is marked on the chart which almost confluence with the demand levels of chart pattern structure. Elliot wave formation :- counter at present look to be in corrective wave 4 of impulse phase and is about to mature, if major wave 4 matures and major wave 5 unfolds for the demand zone reversal can be seen and much higher level possible as per calculation of major wave 5 maturity.
NSE:FINCABLES
by RUDRA007