FINCABLES - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis – Finolex Cables (FINCABLES) IntraDay Trade Rating: 3.3

Today’s technical setup for FINCABLES leans toward a cautious and range-bound trade, not a breakout scenario. The indicators suggest soft momentum, offering limited room for upside without volume confirmation.

🔍 Key Technical Observations

RSI (38.6) → Nearing oversold; suggests potential bounce but not yet confirmed.

MACD (-14.3) → Deep negative crossover; confirms short-term bearish tone.

Volume (1.32L vs Avg 1.86L) → Below average—indicates reduced market activity.

Price below DMA50 (₹941) & DMA200 (₹1,011) → Clearly in a downtrend with weak recovery signs.

Though fundamentals are solid (no debt, strong EPS), they’re more useful for swing trades. Intraday traders need price action, and that’s tepid today.

💸 Recommended Intraday Trade Levels

Action Price Range (₹)

Buy Entry Zone ₹900 – ₹905

Profit Target ₹915 – ₹920

Stop-Loss Level Below ₹895

🎯 Entry near ₹900 can be considered if early weakness reverses. But tighten your stop, and avoid overstaying.

⏱ Already Holding Today? Exit Guidance

For Profit-Taking

Target ₹915–₹920, especially if RSI improves to 42–45

MACD flattens or shows convergence

Volume ticks up above 1.6L

For Loss Protection

Exit if price drops below ₹895 with RSI slipping under 36

MACD deepens and volume falls below 1.1L

🧠 Final Note

FINCABLES doesn’t flash breakout momentum today—it’s a defensive, scalper’s trade. Stay nimble, react to intraday signals, and avoid large position sizes unless volume jumps dramatically.

Want help spotting better movers in the cables/electricals space? I can help curate a sharper trading radar.

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