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(FINCABLES) Finolex Cables complete technical analysis [charts+indicators] | Buy/Sell Finolex Cables | (FINCABLES) share price targets

Complete technical analysis of Finolex Cables (FINCABLES) by charts plus indicators, forecast predictions and share price targets for Finolex Cables (FINCABLES)

Finolex Cables trades in NSE in Other Elect.Equip. sector.

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Finolex Cables is 174617

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	980.80	994.90	1006.00	978.30	0.862 times
22 Thu Feb 2024	982.20	990.00	990.00	978.00	0.493 times
21 Wed Feb 2024	988.05	999.45	999.50	982.30	0.554 times
20 Tue Feb 2024	993.50	998.00	1004.45	991.00	0.74 times
19 Mon Feb 2024	997.35	1000.25	1006.20	991.95	0.761 times
16 Fri Feb 2024	999.05	1014.70	1020.00	994.05	0.858 times
15 Thu Feb 2024	1002.80	1019.90	1024.00	995.20	1.186 times
14 Wed Feb 2024	1003.55	1010.05	1010.05	992.00	0.666 times
13 Tue Feb 2024	1009.90	996.80	1014.00	982.05	1.545 times
12 Mon Feb 2024	996.80	1059.05	1069.95	987.00	1.4 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 992.2, but if it comes above 992.2, then a intra day buy could be more profitable.
If you take a sell trade below 992.2, then use 992.2 as stoploss and 928.2 as target. However if you take a buy trade in stock , then use 992.2 as stoploss and 1045.56 as target.

Share price targets for Finolex Cables (FINCABLES)

Target Type	Value
Downside Target	841.20
Downside Target	883.35
Downside Target	972.00
Upside Target	1006.20
Upside Target	1051.00
Upside Target	1120.00
Upside Target	1124.00
Upside Target	1136.30
Upside Target	1157.95
Upside Target	1183.00

Intraday share price targets for Finolex Cables (FINCABLES)

Target Type	Value
Downside Intraday Target	970.47
Downside Intraday Target	960.13
Upside Intraday Target	998.67
Upside Intraday Target	1016.53
Upside Intraday Target	988.33

Weekly technical analysis of Finolex Cables (FINCABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	980.80	1000.25	1006.20	978.00	0.603 times
16 Fri Feb 2024	999.05	1059.05	1069.95	982.05	0.5 times
09 Fri Feb 2024	1058.45	1064.00	1183.00	1052.00	2.213 times
02 Fri Feb 2024	1064.70	1117.00	1120.00	1054.90	0.876 times
25 Thu Jan 2024	1106.80	1067.00	1124.00	1051.00	1.103 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Finolex Cables (FINCABLES)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	980.80	1103.95	1183.00	978.00	0.85 times
31 Wed Jan 2024	1100.20	1055.00	1124.00	1021.05	0.502 times
29 Fri Dec 2023	1069.15	978.00	1157.95	972.00	0.834 times
30 Thu Nov 2023	966.40	895.10	985.85	883.35	0.828 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Finolex Cables (FINCABLES)

Price action analysis of Finolex Cables ( (FINCABLES) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Finolex Cables ( (FINCABLES) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Finolex Cables ( (FINCABLES) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Finolex Cables stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Finolex Cables in short term and the sell signal is strong.

Finolex Cables Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Finolex Cables in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Finolex Cables is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 997.45 and Finolex Cables (FINCABLES) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Finolex Cables (FINCABLES) stock. Volume based technical analysis of Finolex Cables (FINCABLES) stock is negative.

Finolex Cables Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.