FINCABLES - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.4

📉 FINCABLES is currently reversing from a prior uptrend with bearish momentum signals. Entry near 770–780 ₹ may offer a safer setup, while resistance lies around 820–850 ₹.

📈 Technical Analysis

• 📉 Chart Pattern: The stock is forming lower highs and lower lows, indicating a short-term downtrend.
• 📉 Moving Averages: Price is below both 50-DMA (822 ₹) and 200-DMA (923 ₹), confirming bearish sentiment.
• 📉 RSI (40.0): Weak momentum, approaching oversold territory — signals lack of buying strength.
• 📉 MACD (-10.5): Negative crossover, confirming downward momentum.
• 📉 Bollinger Bands: Price near lower band, suggesting oversold conditions but no clear reversal yet.
• 📉 Volume Trend: Current volume (2.71L) is below 1-week average (3.37L), indicating weak participation.

📍 Entry & Exit Zones

• ✅ Entry Zone: 770 ₹ – 780 ₹ (near recent support and psychological level)
• 🚪 Exit Zone: 820 ₹ – 850 ₹ (resistance from 50-DMA and prior swing highs)

📊 Trend Status

• 📉 Current Trend: Reversing from uptrend to short-term bearish
• ⚠️ Bias: Bearish unless RSI crosses 50 and MACD flattens

✅ Positive

• Strong ROCE (16.2%) and ROE (12.4%) reflect efficient capital use.
• Zero debt-to-equity ratio indicates a clean balance sheet.
• EPS of 36.7 ₹ and P/E of 21.8 are slightly below industry average — fair valuation.

⚠️ Limitation

• Price trading below key moving averages — weak technical structure.
• MACD and RSI both signal bearish momentum.
• Volume below average — lack of strong conviction in current price action.

📉 Company Negative News

• FII holding dropped by 0.77%, indicating reduced foreign investor confidence.

📈 Company Positive News

• DII holding increased by 0.31%, showing domestic institutional support.
• Quarterly PAT of 139 Cr. remains strong despite slight decline from previous quarter.

🏭 Industry

• Electrical equipment sector remains stable with moderate growth outlook.
• FINCABLES trades slightly below industry PE (23.5), suggesting fair valuation.

🧾 Conclusion

• FINCABLES is reversing from recent highs with bearish technical indicators.
• Short-term traders may consider entries near 770 ₹ and exits near 850 ₹.
• Long-term investors should monitor earnings consistency and technical recovery before adding exposure.

Sources: DailyBulls Technical Overview

tick.dailybulls.in

, TopStockResearch FINCABLES Analysis

TSR

, Interactive Chart on StockAnalysis

Stock Analysis

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