FINCABLES trade ideas
Finolex Cables: ATH Breakout with consolidationMultiple IB breakout
Can be added on retest of Previous ATH Level or can be in parts now
SL: Below Previous Swing low
Target: 1095/1180
DISC: For educational purposes only. Please consult your financial advisor before any trade.
Finolex Cables Limited - Long Setup, Move is ON...#FINCABLES trading above Resistance of 1125
Next Resistance is at 1721
Support is at 630
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Fincables ( FINILEX CABLES) 💯Fincables ( FINILEX CABLES) is at best point where you can buy it.
Target may be 1270 by this month.
Note : This is just for learning and backtesting purpose.
Ready for new ATHClosing above the level may give new All time high.
Maintain SL as per Risk management
Finolex cables: TL BO , as well as Cup & Handle Pattern with strFinolex cables: TL BO , as well as Cup & Handle Pattern with strong Volumes.
Buy above 988,
Targets: 1000/1020/1040
Long term has potential of 20%-25%
SL : 774
Disclaimer: I'm not SEBI registered, contact your financial advisor before any investment
FINCABLES For Positional FINCABLES
1. Recently gave a multiyear breakout
1. Good Fundamentals
2. Volume expansion indicating big hands building up positions
Will scale in positions anywhere around 950. Holding period (6-12 months)
finolex cablesPOSITIONAL IDEA : finolex cables:
Stock brekaout and taking support again. Consolidation in lower timeframe. Buy on consolidation brekout. Levels mentioned in chart for reference.
Finolex Cables Fresh BreakoutNSE:FINCABLES has given a fresh breakout and the stock looks good for future gains. Keep a stop loss at 920 and go long. Cables and wires segment is doing very well in the market with great relative strength as compared with the index.
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.
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Igniting a Fresh Breakout - Step into the Action Now!Trade Details
Name of The Stock: Finolex Cable Ltd.
Stock Category: Small Cap
Trade Type: Positional Trade or Momentum Investment
Duration: More than 60 days
Entry Level: Ranging from 940 to 975
Stop Loss: Initial 865 (Trail accordingly)
Target-1: Aiming Above 1200 - Prepare for the Surge!
Chart Details
Breaking Barriers: Finolex Cable Emerges with Newfound Strength and Volume!
Opportunity Knocks: Trade with Confidence as Stock Gains Ground in Accumulating Zone
Initial Accumulation Phase Kicked Off Following 600 Level Breakout
Power of Positivity: Relative Strength (RS) and RSI Indicators Shine Bright
Onwards and Upwards: Stocks Ascend Amidst High Volume Activities Ahead of Q1 Earnings
Stay Tuned: Target 2 Unveiled upon Accomplishing Target 1!
BUY FINOLEX CABLESTarget 938
SL 860
Entry 887
stock can give a breakout but it would be good to enter at 887 levels because it can give it space to do a retest and then a move!
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Finolex Near Inverted Head & Shoulder BreakoutFinolex Near Inverted Head & Shoulder Breakout
Buy Finolex Cables
Only Above 426 Weekly Close
SL - 350 (WCB)
Target - 700
FINCABLE My entry and exitI entered near 530 and exited near 840. And I'll re enter once the momentum regains
Fincables luking gudLuking gud at this level
Making rounding bottom pattern.
should be check their BO level there is the best price to buy.
Only for Education purpose
Trendline Breakout in Finolex Cables Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
FINCABLES - Ichimoku Bullish Breakout Stock Name - Finolex Cables Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 822
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Finolex Cable- Near 4 year resistance areaLeading 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
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.
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Thankyou
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in FINCABLES
BUY TODAY SELL TOMORROW for 5%
Finolex Cab - Strong up move momentumKey Points:
- On daily and weekly chart strong bullish momentum seen with breaking ATH price & potential to have up move for short term
- Cup and Handle chart pattern
- RSI @ 81 with breakout & crossed RSI MA of 65
- Volume above VMA
- Price crossed above 20,50,200 EMA
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
Finolex Cables | Cup & Handle > Finolex Cables
> Cmp - 597
> Good above 610
// This post is for educational purpose only//
