! finolex cabelsFINCABLES | Continuation Setup

FINOLEX CABLES 🚨 FINOLEX CABLES (FINCABLES) — Continuation Setup Finolex Cables is showing a strong continuation structure after bouncing from the ₹1,300 zone, which had previously acted as an important resistance area. The subsequent price action suggests that this zone is being treated as support, while the stock continues to remain above its major moving averages. On September 18, the stock closed around ₹1,411.20, up 1.10%. Technical data showed the price above its 20-, 50-, 100- and 200-day moving averages, with the longer-term averages classified as being in an uptrend. RSI was around 63.63, while CCI and MFI were also showing strong momentum readings. ET Money The September 18 technical setup highlighted the continuation pattern and exceptional volume spike. The analysis also noted that a sustained move above ₹1,400 could potentially open the path toward a fresh 52-week high. Moneycontrol 🎯 Key Levels: • Breakout/trigger: ₹1,400 • Target: ₹1,485 • Stop Loss: ₹1,350 • Support: ₹1,390–1,400 For traders, the key confirmation would be sustained trading above ₹1,400 rather than a brief intraday move. Volume-backed continuation would strengthen the price-action structure, while a decisive move back below support would require caution.