Overall Technical outlook

Price Summary

On 2026-02-02, Finolex Cables Limited's shares started at 721.9, peaked at 726.95, bottomed out at 701.35, and ended 0.13% up at 722.85, with 112313 shares traded.
In the 52-week period, the stock's peak price is 1000.55, and the lowest price recorded is 710.8.
Analysts predict that the future price will fluctuate between 988.0 and 1250.0, with the mean expected price being approximately 1090.25.

Technicals

Support and Resistance: The price for FINCABLES at 722.85 finds support at 726.45 and resistance at 726.45. This suggests a trading range, where 726.45 serves as a support level and 726.45 acts as a resistance point, potentially capping further gains.
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Support/Resistance for FINCABLES


Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation.
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Aroon chart for Finolex Cables Limited


Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
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Bolinger Bands chart for Finolex Cables Limited


Parabolic SAR: The PSAR continues its bearish trend for Finolex Cables Limited, setting a resistance level that could hinder upward momentum. This resistance suggests that the market may face challenges in breaking higher, reflecting persistent bearish sentiment.
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Parabolic Stop and Reverse chart for Finolex Cables Limited


Stochastic: The STOCHASTIC is showing a neutral stance, with no definitive indication of an upward or downward trend for FINCABLES. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
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Stochastic chart for Finolex Cables Limited


Tripple Moving Agerage: A bullish trend is evident from the alignment of the 20-50-100 period moving averages, but the slopes of the faster averages indicate a potential reversal for FINCABLES. The weakening signals from the shorter-term averages suggest that the upward momentum may be fading, signaling the possibility of an impending change in trend.
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Tripple SMA chart for Finolex Cables Limited


To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.