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FINOLEX CABLES LTDFINOLEX CABLES LTDFINOLEX CABLES LTD

FINOLEX CABLES LTD

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FINCABLES trade ideas

FINCABLES Trading Above Weekly Demand ZoneFINCABLES is currently trading at ₹828.05, which is above its previously tested weekly demand zone. The demand zone was identified between ₹817.3 and ₹777 on 16th June 2023. Since the price has moved above this zone, it may indicate bullish momentum. Traders might watch for a possible retest of the zone for confirmation or continuation of the trend. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
NSE:FINCABLESLong
by rush12799
FINOLEX CABLES : 30%+ Upside potential!⚡Price Analysis: 1️⃣ Bouncing from critical support 2️⃣ Price structure is bullish. 3️⃣ Exceptional Volumes ✨ My Expectations: ➡️ RRR is looking attractive ➡️ 1:3 RRR can be expected with 9% max SL ➡️ EMAs are supporting the bullish views. ⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️ 💬 Drop your thoughts below in the comments section if you liked this analysis!✌️ 🔥Happy trading!✅🚀
NSE:FINCABLESLong
by SuperNova396
Technical analysis of Finolex cables Ltd.Price Action: --------------- Current Price and Trend: The stock is currently trading around ₹998.55. Given its recent downward movement, it appears to have experienced a pullback from higher levels. Support and Resistance: The highlighted area near ₹900-₹800 appears to be a significant support zone. The previous highs around ₹1,059.95 could serve as resistance if the price moves higher. Volume Analysis: --------------- Volume Trends: There is a significant volume spike in the recent weeks, indicating heightened interest or activity, which may suggest potential reversals or continuations. Noteworthy volume around lows could imply accumulation. Average Volume: The average volume is 1.63 million while the current volume is notably higher at 8.45 million, indicating strong participation in the market. Technical Indicators: -------- Volume Profile: The volume profile shows higher activity near the support zone, suggesting strong buying interest. This is often a bullish sign if the price holds above this area. Candlestick Patterns: Recent weekly candles may exhibit signs of indecision (dojis or spinning tops) at the support level, which could indicate buyers stepping in. Overall Sentiment: Bullish/Bearish Outlook: If the price remains above the support level, there may be a bullish bias, especially with the strong volume. A breakout above previous highs could provide a strong buy signal. Risk Considerations: If the price breaks below the support area, it might indicate further downside potential. Conclusion: Monitor the stock closely around the support zone, as it could lead to either a reversal or further selling pressure depending on the broader market conditions and news events affecting the company. A reversal pattern with increased volume could indicate a buying opportunity, whereas a sustained drop below support could signal a shift in trend.
NSE:FINCABLES
by TradeAXN
High conviction / value buy stock pick - FINCABLESCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery. > Taking support at last years support or breakout level > High chances that it reverses from this point. > Volume dried up badly in last few months / days. > Very high suspicion based analysis and not based on chart patterns / candle patterns deeply. > VALUABLE STOCK AVAILABLE AT A DISCOUNTED PRICE > OPPURTUNITY TO ACCUMULATE ADEQUATE QUANTITY > MARKET AFTER A CORRECTION / PANIC FALL TO MAKE GOOD INVESTMENT DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING. HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT ! STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY. Time makes money, GREEDY & EGO will not make money. The real deal is when to purchase and where to purchase the stock. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:FINCABLESLong
by Yoyohoneysingh93
2
FINCABLES - Bullish Price Action Signals MomentumReversal from Demand Zone: The stock price has shown a strong reversal from the supply-turned-demand zone, indicating renewed buying interest at this critical level. Breakout of Swing High: A bullish breakout above the recent swing high adds further confirmation of upward momentum, showcasing the strength of buyers in the current trend. Volume and Strength Indicators: Volume: Trading volume has surged above the 21-day moving average, reinforcing the breakout's credibility. Relative Strength: The relative strength indicator has turned positive against Nifty, signaling that #FINCABLES is outperforming the broader market. The confluence of demand zone support, breakout, and positive indicators presents a compelling bullish case for #FINCABLES. Monitor the price action for follow-through and consider it a strong candidate for short-term opportunities.
NSE:FINCABLESLong
by Sudhi4488
FINCABLES Analysis & Prediction in WTFThis is the analysis of FINCABLES in Weekly Time Frame. Watch carefully. The chart explains itself. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About FINCABLES: Finolex Cables Ltd. engages in the manufacture and sale of electrical and telecommunication cables. It operates through the following segments: Electrical Cables, Communication Cables, Copper Rods, and Others. Its products include wires and cables, led lightings, fans, miniature circuit breakers, and water heaters. The company was founded by Kishan Parsram Chhabria and Prakash Prahlad Chhabria in 1958 and is headquartered in Pune, India.
NSE:FINCABLESLong
by suraranjanganguli
FINCABLES | Swing Trade📊 DETAILS Sector: Cables Mkt Cap: 16,695 cr Finolex 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. TTM PE : 25.93 (High PE) Sector PE : 28.63 Beta : 1.00 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 10.45% away from 52 week high Outperformer - Finolex Cables up by 2.23% v/s NIFTY 50 up by 1.99% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:FINCABLESLong
by Munish_Jain