FINCABLES - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | FINCABLES | Market Cap | 15,149 Cr. | Current Price | 991 ₹ | High / Low | 1,028 ₹ |
| Stock P/E | 24.7 | Book Value | 314 ₹ | Dividend Yield | 0.81 % | ROCE | 16.2 % |
| ROE | 12.4 % | Face Value | 2.00 ₹ | DMA 50 | 881 ₹ | DMA 200 | 857 ₹ |
| Chg in FII Hold | 0.20 % | Chg in DII Hold | 0.67 % | PAT Qtr | 136 Cr. | PAT Prev Qtr | 187 Cr. |
| RSI | 68.3 | MACD | 42.2 | Volume | 3,73,528 | Avg Vol 1Wk | 5,33,650 |
| Low price | 701 ₹ | High price | 1,028 ₹ | PEG Ratio | 2.36 | Debt to equity | 0.00 |
| 52w Index | 88.4 % | Qtr Profit Var | 9.71 % | EPS | 40.1 ₹ | Industry PE | 24.5 |
📈 Chart Patterns: Price is trading well above both 50 DMA (881 ₹) and 200 DMA (857 ₹), confirming bullish momentum. Trendlines show resistance near 1,000–1,020 ₹ and support around 970–980 ₹.
📊 Moving Averages: Current price (991 ₹) above both DMAs indicates strong short-term and medium-term strength.
📉 RSI: At 68.3, RSI is approaching overbought territory, suggesting caution for fresh entries.
📊 MACD: Strongly positive at 42.2, confirming bullish crossover and momentum continuation.
📉 Bollinger Bands: Price near upper band, reflecting strong momentum but also risk of short-term pullback.
📊 Volume Trends: Current volume (3.73L) below 1-week average (5.33L), showing reduced participation despite bullish price action.
🎯 Momentum Signals: Bullish. MACD and moving averages confirm strength, though RSI and volume trends suggest caution.
💹 Entry Zone: 970–980 ₹ (support levels).
💹 Exit Zone: 1,020–1,030 ₹ (resistance levels).
📌 Trend Status: Trending upward with bullish bias.
Positive
- Price trading above both 50 DMA and 200 DMA confirms bullish trend.
- EPS of 40.1 ₹ supports strong earnings visibility.
- Debt-to-equity ratio at 0.00 shows excellent financial stability.
- FII (+0.20%) and DII (+0.67%) holdings increased, showing institutional confidence.
Limitation
- RSI near 70 indicates overbought conditions.
- Quarterly PAT declined (187 Cr. → 136 Cr.), showing earnings weakness.
- PEG ratio of 2.36 suggests stretched valuation relative to growth.
- Volume below average, limiting breakout confirmation.
Company Negative News
- Quarterly PAT decline highlights short-term earnings pressure.
- Overbought RSI raises caution for traders.
Company Positive News
- EPS remains strong at 40.1 ₹.
- Institutional confidence with both FII and DII increases.
- Debt-free balance sheet supports financial stability.
Industry
- Industry PE (24.5) is close to company’s P/E (24.7), suggesting fair valuation.
- Cables and electrical sector outlook remains positive with strong demand drivers.
Conclusion
⚖️ FINCABLES is a fundamentally sound company with strong technical momentum. Entry near 970–980 ₹ offers a favorable risk-reward setup, with potential upside toward 1,020–1,030 ₹. While overbought RSI and declining PAT are limitations, strong EPS, zero debt, and institutional support make this suitable for short-term swing trades with cautious positioning.