FINCABLES - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.8

📊 Chart Patterns & Trend: FINCABLES is trading above its 50 DMA (775 ₹) but below the 200 DMA (877 ₹). Support lies around 770–780 ₹, while resistance is seen near 800–820 ₹. The stock is in a consolidation phase with mild bullish bias.

📈 Moving Averages: Current price (786 ₹) is above the 50 DMA, showing short-term strength, but below the 200 DMA, indicating medium-term weakness.

📉 RSI: At 56.6, RSI suggests neutral-to-positive momentum, not overbought or oversold.

📉 MACD: Negative (-3.43) reflects mild bearish bias, but flattening trend suggests potential reversal if buying volume increases.

📊 Bollinger Bands: Price is near the mid-band, indicating consolidation with limited volatility.

📊 Volume Trends: Current volume (1.5 lakh) is below the 1-week average (2.0 lakh), showing reduced participation and lack of strong momentum.

🎯 Entry Zone: 770–780 ₹ (near support and 50 DMA)

🎯 Exit Zone: 800–820 ₹ (near resistance and upper consolidation band)

Positive

• Strong ROCE (16.2%) and ROE (12.4%) highlight efficient capital usage.
• Debt-free balance sheet (Debt-to-equity ratio 0.00) ensures financial stability.
• Dividend yield at 1.04% provides income appeal.
• Quarterly PAT growth from 139 Cr. to 187 Cr. shows earnings momentum.

Limitation

• P/E ratio (20.0) is aligned with industry average, offering limited valuation advantage.
• Volume participation is weak, reducing short-term momentum signals.
• Stock trading below 200 DMA indicates medium-term weakness.

Company Negative News

• FII holdings decreased by 0.77%, showing reduced foreign investor confidence.

Company Positive News

• DII holdings increased by 0.31%, reflecting domestic institutional support.
• Quarterly profit variation at 27.9% highlights strong earnings growth.
• EPS at 39.3 ₹ reflects strong profitability.

Industry

• Industry P/E at 20.0 indicates sector is fairly valued.
• Cable and electrical sector demand expected to remain strong with infrastructure and power expansion.

Conclusion

⚖️ FINCABLES is in a consolidation phase with mild bullish bias. Entry near 770–780 ₹ offers favorable risk-reward, while exits around 800–820 ₹ are optimal. Watch for MACD crossover and volume recovery to confirm a breakout above 200 DMA.