Finolex Cables trades above rectangle and flag breakouts

Finolex Cables broke out of its ₹963.7 to ₹1,200.3 rectangle, then out of a bullish flag, and now trades above both. Support is ₹1,185, all-time high ₹1,498. Finolex Cables Limited [

] closed at ₹1,411.2 on 18 September 2026, up 1.10%. The price is trading above both the rectangle and the bullish flag on the daily chart. How the structure built up Rectangle: the stock moved sideways between ₹963 and ₹1,200 for several months. In August it broke above ₹1,200.3 with a very heavy volume spike. Retest: the price came back to the upper edge, and the old resistance acted as support. Bullish flag: a continuation pattern formed after the retest. In September the price broke out of the flag and is now hovering above it. Levels Immediate support: ₹1,185. Near-term resistance: the all-time high of ₹1,498 and the ₹1,500 psychological level. Recent developments Q1 FY27 revenue rose 44% to ₹2,013 crore and net profit grew 59%. The company is doubling fiber draw capacity from 4 to 8 million km, targeted for end-September. The AGM is on 28 September, with a ₹9 final dividend proposed. My view Two patterns have broken out, and the price is holding above them. A daily close below ₹1,185 would weaken this structure. The all-time high and the ₹1,500 level are the next reference points. This is analysis, not a recommendation. Disclosure: I have no holding in the mentioned scrip. This content is shared solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell.