FINCABLES - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.5

Here’s a detailed technical analysis of Finolex Cables Ltd (FINCABLES)

📉 Trend Analysis

Current Price (₹845) is below both 50-DMA (₹869) and 200-DMA (₹963) — indicating a bearish trend.

52-week Index at 14.9% suggests the stock is trading near the bottom of its yearly range (₹720–₹1,559).

Trend Status: Reversing downward, with signs of weakness and lack of buying conviction.

🔍 Momentum Indicators

RSI (46.7): In the neutral-to-weak zone, suggesting lack of momentum and no immediate reversal signal.

MACD (-5.17): Negative — confirms bearish divergence and short-term downtrend.

Volume: At 1.21L, below 1-week average (1.40L) — indicates low participation, possibly distribution phase.

📊 Chart Patterns & Moving Averages

Death Cross: Price below both 50-DMA and 200-DMA — a bearish signal.

Support Levels

₹820 (recent swing low)

₹720 (52-week low)

Resistance Levels

₹869 (50-DMA)

₹900–₹930 (gap zone and psychological resistance)

₹963 (200-DMA)

📉 Bollinger Bands

Price likely near the lower band, suggesting oversold conditions.

Bands are contracting, indicating low volatility and potential for a sharp move once volume returns.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 820–830 Near support zone, oversold setup

Exit (Short-Term) 869–900 Resistance zone, potential reversal

Stop Loss 795 Below recent support and trendline

🧭 Summary

Trend: Reversing downward

Momentum: Weak and bearish

Volatility: Low, with potential for breakout once volume returns

Ideal Strategy: Cautious accumulation near ₹820–₹830 with target ₹869–₹900. Wait for MACD crossover and volume spike before aggressive entry.

Would you like to explore how this setup compares with other mid-cap industrials or get a sector-wide technical scan?

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