Fincables showing signs of a reversalInverted head and shoulder at support and now a breakout with volumes
A perfect spot of trend reversal, stay tuned!
FINCABLES trade ideas
Finolexcables: soon to breakout stockFinolex cable is a strong candidate for a breakout. Keep it on your watchlist.
Finolex cables - positional long ideaDouble bottom, RSI bullish divergence. Stock comparative RSI over nifty is now turning bullish.
Buy above 416 or at a dip near 397. Potential targets could be 456 and 523. Keep a stop loss below 370 on daily closing basis.
FINCABLES Potential long tradeFINCABLES is looking good to go long. It's currently on its uptrend trendline. It did break it downwards but came back up again.
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Finolex Cables - 30% 4 Months C&H/I_H&SFinolex Cables is forming multiple patterns one after the other , Net Profit is the Highest .
uptrend will continue,it may reach above 750 by the end of marchStock price above the 50-day moving average is usually considered bullish. Stock price below the 50-day moving average is usually considered bearish. If the price meets the 50 day SMA as support and bounces upwards, consider a long entry
FINCABLES finolexcables -
Due to minor bearish divergence, the stock may come down to retest the breakout.
557 is a good level to add the stock.
View negated below 510, daily closing basis.
finolexBusiness area of the company
The Company is principally engaged in the manufacturing of Electricals Cables, Communication Cables & other electrical appliances.
Products
Wires & Cables
Optical Fibre Cables
Switches
LED Lightings
Fan
MCB
Water Heater
Finolex Cables: Buy at for 24% profit Hi All,
Buy Finolex Industries , the stock is currently at 501 levels. Buy the stock in correction as well. Any decline in stock will also be good opportunity.
Keep target of 620-625 which is 24% from current levels of 501. Keep initial stop loss of 425 on weekly closing basis.
Once the stock starts moving up, then trail the stop loss to you buying price.
***Ideas are my own***Buy the stock as per your risk taking ability***
Bullish NSE:FINCABLESBuy = 506.55
SL = 484.98
Target 1 = 549.69
arget 2 = 571.26
13/09/2021
Bullish NSE:FINCABLES-->Finolex Cables Ltd
Buy for short term
buymajor trendline support and immediate swing broke out dips are bying oppurtunity, analysis and levels mentioned onchart
Darvas Box Theory Darvas Box Theory
Finolex Cables Ltd formed such 4 Darvas boxes on the daily charts
Bullish on Finolex cables(Daily)
- Bullish pennat breakout
- Strong Resistance Breakout
- Bullish Engulfing bar with Volume rise
- Above 20 ,50, 200 EMA
Target 610
Good to go LongStatistical Brief Market Cap₹ 7,357 Cr.
High / Low₹ 485 / 233
ROE15.6 %
ROCE19.5 %
Debt to equity0.00
Return over 1year81.8 %
Return on assets13.9 %
Free Cash Flow₹ 227 Cr.
FINOLEX CABLESFINOLEX CABLES LOOKS TOO GOOD TO ME TARGETS COULD BE 508,665,700
REASONS FOR SELECTING THE STOCK: 1.FORMED SINE CURVE PATTERN 2.FORMING ABCD PATTERN 3.TAKEN SUPPORT AT 200 SMA
Huge volume BreakoutFinolex has broken out of a channel pattern with HUGE VOLUMES..if it pulls back in the next couple of days there is a good chance it will scale 504, 541 564 in the long term...It has not traded with such big volumes anytime which is a bullish sign..Keep watching this space and trade wisely at your own risk.
