FINPIPE - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.9

Here’s a detailed technical analysis of Finolex Industries Ltd (FINPIPE)

📈 Trend Analysis

Current Price (₹217) is slightly above both 50-DMA (₹209) and 200-DMA (₹215) — indicating a mild bullish crossover.

52-week Index at 38.2% shows the stock is trading in the lower third of its yearly range (₹144–₹334), suggesting recovery from lows but still far from peak.

Trend Status: Reversing upward, with early signs of trend formation.

🔍 Momentum Indicators

RSI (57.0): In the neutral-to-bullish zone, indicating moderate strength and room for upside.

MACD (3.26): Positive — confirms bullish crossover, though momentum is still developing.

Volume: At 6.81L, significantly below 1-week average (11.71L) — suggests low conviction in the current move and potential for volatility if volume picks up.

📊 Chart Patterns & Moving Averages

Support Levels

₹209 (50-DMA)

₹200 (psychological and historical support)

Resistance Levels

₹225–₹230 (recent swing high)

₹250–₹260 (gap zone and next resistance)

₹334 (52-week high)

📉 Bollinger Bands

Price is likely near the middle band, with bands narrowing — a sign of volatility contraction.

Watch for volume breakout to confirm directional move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 208–212 Near 50-DMA and support zone

Exit (Short-Term) 225–250 Resistance zone, potential reversal

Stop Loss 200 Below psychological support

🧭 Summary

Trend: Reversing upward

Momentum: Mild bullish

Volatility: Low, with breakout potential

Ideal Strategy: Accumulate near ₹208–₹212 with target ₹225–₹250. Watch for volume confirmation and RSI crossing 60+ for stronger momentum.

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