Finolex Cables - Target 750 - 66% gainAll details are provided in the chart itself
Buy at 430-450
Target 1 - 625
Target 2 - 700
Stop Loss - when it breaks 200 EMA or the trend line and stays below it for a significant period of time.
FINCABLES trade ideas
Finolex cable at important levelAt current levels there's is a confluence of 200 ema and support trendline in 1 dat tf, can go long if it forms a bullish candle.
FINCABLE on very good support level
we can see more upside levels in future in it
Not any recommendation
thank you ..!
Finolex Cables Ltd Swing Trading IdeasEnter long position near 100 SMA with Stoploss below 200 SMA for a Short Term Target of 26%
Finolex Cables - History repeatsAll trade ideas provided are the opinions of the publisher and should not in any way be considered as financial advice. Please do your own research and consult your advisor before investing in stock markets.
FINCABLEWith increased volume............. ............... .................... ................. ...........
FINOLEX CABLES BULLISH BIAS Great Structure
Bullish Bias
Stop Loss 440s Level
Target 540s Level
Divergence
Stock is shaping up nicely
Pullback based on Lower volumes
RSI bouncing from Support Level
Finolex Cable Cmp 475 dated 6.9.2021Finolex Cable Cmp 475 dated 6.9.2021
1. Parallel Channel Support taken @ 440.
Buy above 482 for a tgt of 500-525-540-560 SL 440
It is just a view, pls trade at your own risk.
Finolex Cables- High probability trade | Impulse + consoldiationFinolex Cables has been moving in a rising channel since March 2020. It has been following a repetitive pattern of impulse followed by box consolidation. Every time it moves out of the consolidation, it retests the previous swing high. This can be a high probability trade since there is a confluence of Fibonacci level as well as 200MA on the 4hr.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Finolex Cables LimitedBullish flag breakout in Finolex Cables Limited. can take long position for short term.
FINCABLES - Price and Trend SetupFINCABLES is moving along ascending trendline and may re-test ATH soon. Ascending Triangle pattern is forming on weekly TF.
The stock is at its important support. When a stock is at its support its last chance to bounce back.. And if it break the support and trade 10-15 min below it facing resistance of PDL(Previous Day Low). The u can also take short position.
Something cooking in finolex cables , on breakout one can enterSomething cooking in finolex cables , on breakout one can enter
FINCABLES: Breakout! UPSIDE 16%Stock is moving up with very high relative strength and both technicals and fundamentals are strong in the case of market indices correlation. Price is in the trending phase with Higher-Highs of 0.3-0.5 fib retracement which is considered as a fast trending pace of a particular stock. Recently the stock has given a breakout over the distribution phase and now on the way to the sky. Below I have mentioned an overview that should be considered & necessary before you jump through this!
Points to be Note (Technical + Fundamental)
1. Structrue- Higher: Highs formation (no aggressive formation yet)
2. 1D Critical Demand Zone Candle formation ( Act as a short term healthy correction)
3. Market Cycle: Distribution Phase with strong bearish pressure (1D)
4. Support: Above 50MA
5. Resistance: Pending (yet not made all-time high since 2017)
6. Retracement Levels: 0.3-0.5 Fib (fast pace)
7. Relative strength: Postive at 2.1 bounce form 0 shows
8. Volume: Low volumes with -6% Buyers may lead to strong volumes in upcoming session with highest strength oscilation of +40% with could be gain Relative strength which is settled near 2.00 from top 6.00
9. Beta: 0.65 Not aggressive... Reliable number for Value investors.
1. PE: 17 Considerable as compare to its peer polycab.
2. Marcap 2nd largest company followed by polycab India
3. D/E Ratio: 0.00 (7cr) almost zero as compared to reserves. Debt-free company
4. Book-Value: 2.29 More than double! Negative outlook but again considerable and remain neutral outlook as to its peer (market leader) having 6.20 polycab India.
5. Sales: Decreaded by 3%
6. Sales to OP correlation: Affected but very insignificant
7. Sales to PAT correlation: Surged by 17% YOY
8. ROCE & ROE is 19.6% vs 14.4%
9. Reserves: 13% Increased fairly
10. Investing Activities: 851Cr non-asset investing has been identified might influence future earning growth.
That's it! NSE:FINCABLES
FINCABLESGreat chart setup with an upside Tg-550 and SL-399.1. Volumes have been rising from past few days and a long term resistance have been broken with huge volumes with a clear indication of enterence of smart money. Moreover, CRS has a trendline breakout meaning in the coming few weeks it may outperform Nifty 50.
[Positional] FinCables Huge Cup n Handle Breakout!Super long positional
Invalid below 400
“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” – Bill Lipschutz
