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Finolexcable

SWING IDEA - FINOLEX CABLESA potential swing trade in Finolex cables , a prominent figure in the cable manufacturing sector. Reasons are listed below : The stock bounced convincingly from the strong support level of 850, indicating solid buying interest at this price point. A hammer candlestick on the weekly timeframe signals a potential reversal, suggesting a shift from bearish sentiment to bullish momentum. The appearance of a morning star pattern on the daily chart adds further confirmation to the bullish bias, signaling a possible trend reversal from bearish to bullish. The stock finds support at the 0.382 Fibonacci level, reinforcing the bullish outlook. Volume Surge: Witness a notable increase in trading volumes, reflecting growing market interest and potential accumulation by investors. FinCables has been consistently making higher highs on larger timeframes, indicating a trend of increasing bullish momentum and reinforcing the potential for upward movement. Target - 1020 // 1150 // 1210 Stoploss - weekly close below 805 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:FINCABLESLong
by Visionary_Growth_Insights
Finolex cables looks like it will turn the tableFinolex Cables Ltd. principally engaged in the manufacturing of of Electricals Cables, Communication Cables & Other Electrical Appliances. Its manufacturing facilities are located at Panjim in Goa, Pune in Maharashtra and Roorkee in Uttarakhand. Finolex Cables Ltd. CMP is 967.35. The Negative aspects of the company are High Valuation (P.E. = 23.1), Declining cash from operations annual, FIIs are decreasing stake, MFs are decreasing stake. The company's Positive aspects are No debt, Zero promoter pledge, Improving annual net profit. Entry can be taken after closing above 983. Targets in the stock will be 1038, 1070 and 1107. The long-term target in the stock will be 1153, 1182 and 1221. Stop loss in the stock should be maintained at Closing below 834. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:FINCABLESLong
by Happy_Candles_Investment