FINPIPE - Technical Analysis

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

Technical Rating: 3.6

Here’s a detailed technical analysis of Finolex Industries (FINPIPE) based on the data you provided and current market indicators

📉 Trend Overview

Current Price (₹209) is slightly above the 50 DMA (₹208) but below the 200 DMA (₹218), suggesting mild short-term strength but longer-term weakness.

RSI (49.3): Neutral zone, indicating lack of strong momentum in either direction.

MACD (-0.96): Slightly negative, hinting at bearish undertone but not a strong downtrend.

Volume: Current volume (4.43L) is significantly lower than the 1-week average (10.43L), showing reduced trading interest.

📌 Conclusion: The stock is currently consolidating after a downtrend, with no clear breakout yet.

📊 Momentum Signals

Bollinger Bands: Price likely hovering near the middle band, reinforcing the sideways movement.

Support Zone: ₹195–₹205 (recent base and psychological support)

Resistance Zone: ₹218–₹225 (200 DMA and previous swing highs)

🎯 Entry & Exit Strategy

Action Price Range (₹) Rationale

Buy Entry 195–205 Near support, low downside risk

Target 1 218 200 DMA resistance

Target 2 225–230 Breakout potential if volume rises

Stop Loss 190 Below recent swing low

📌 Additional Insights

PEG Ratio (-1.92): Negative, possibly due to earnings contraction—caution advised.

FII & DII holdings: Both declined, indicating institutional caution.

Debt-to-equity (0.04): Very low, a positive for long-term stability.

ROCE (10.6%) & ROE (8.19%): Moderate returns, not overly compelling.

Would you like me to chart this out visually or compare it with another piping industry stock like Supreme Industries or Astral? I can also help build a watchlist based on technical setups.

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