FINCABLES - Technical Analysis

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

Technical Rating: 3.2

Here’s a detailed technical breakdown of Finolex Cables (FINCABLES) based on the data you provided and current market indicators

📉 Trend Analysis

Current Price: ₹908 is below both the 50 DMA (₹941) and 200 DMA (₹1,011), indicating a bearish trend.

RSI (38.6): Near the oversold zone (<40), suggesting weak momentum but potential for a short-term bounce.

MACD (-14.3): Negative and diverging, confirming downward momentum.

Volume: Current volume (1.32L) is lower than average (1.86L), showing lack of buying interest.

📌 Conclusion: The stock is currently reversing from a previous uptrend and showing signs of weakness.

📊 Momentum Signals

Bollinger Bands: Price likely near the lower band, which may indicate oversold conditions and a possible short-term rebound.

Support Zone: ₹850–₹875 (recent bounce zone and psychological support)

Resistance Zone: ₹940–₹970 (near 50 DMA and previous consolidation)

🎯 Entry & Exit Zones

Action Price Range (₹) Rationale

Buy Entry 850–875 Near support, oversold RSI

Target 1 940 50 DMA resistance

Target 2 970–980 Short-term breakout potential

Stop Loss 820 Below recent swing low

📌 Other Observations

Zero debt and strong ROCE (17.6%) are positives for long-term investors.

PEG Ratio (3.71) is high, suggesting the stock may be overvalued relative to growth.

FII holding increased, while DII reduced, indicating mixed institutional sentiment.

Would you like a comparison with peers like Polycab or KEI Industries to see how FINCABLES stacks up? Or maybe a fundamental valuation model?

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