Finolex Cables Ltd – Technical & Fundamental Insight

Finolex Cables Ltd – Technical & Fundamental Insight (SEBI Reg. INH000019886 | For Educational Purpose Only) 🔹 Technical View: Finolex Cables is showing a double-bottom pattern near ₹770–780 zones after a long consolidation. Price attempting to cross above 20EMA with increasing volumes — a potential trend reversal setup on daily chart. Key Levels: 🔼 Upside: ₹850 / ₹1,000 / ₹1,250 (pattern target) 🔽 Supports: ₹760 / ₹715 🔹Fundamental Snapshot: Finolex Cables is one of India’s top electrical & communication cable manufacturers. Strong brand presence, steady margins (~11–12%), and low debt make it financially sound. Growing demand from infra & real estate sectors supports long-term growth outlook. 💡A breakout above ₹810 may trigger momentum toward ₹1,000+ in coming sessions. ⚠️ Disclaimer: For educational purpose only. Not investment advice.