Finolex Cables Ltd – Bullish Momentum Setup
FINCABLES The stock is showing strong upward momentum after a breakout from the recent consolidation zone, with price holding above key support levels.
🔎 Technical View:
• Strong breakout with rising volume
• Price sustaining above ₹1,374
• Higher-high structure visible
• Momentum indicators remain positive
🔑 Key Levels:
• Support: ₹1,374 – ₹1,300
• Major Support: ₹1,277 – ₹1,201
• Resistance: ₹1,470 – ₹1,567
🚀 Upside Targets:
• ₹1,470
• ₹1,567
• ₹1,663+
📉 Risk: Sustained breakdown below ₹1,300 may weaken the bullish setup.
📈 Trading View:
👉 Sustained move above ₹1,470 may open the way towards higher levels.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊
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