Highlights & Chart Patterns of Finolex Cables Ltd.
Stock has jumped by more than 15% in last One Month from its lowest level of 353.85 dt 27-Dec-19.
Bearish engulfing Candlestick pattern was formed by Finolex Cables Ltd. on 22/01/2020 Prior to pattern formation this share was in uptrend.
As Per ADX, stock is in trend with ADX of 33.9646 and is trending for 15 Days
Stock of Finolex Cables Ltd. has formed Resistance (trend line) with dates 16/01/2020, 24/09/2019, on daily Charts. Lowest point touched during this period is 349.95.Resistance line still holds good. Stock price : 414.45 is hovering just below Resistance price of 421.3. If other indicators are supportive then a short selling could be an option.
Chart of Finolex Cables Ltd. has formed Pattern - Higher Highs and Higher Low. Validity of this pattern is atleast for duration : 06/12/2019 to 23/01/2020 This formation is first found by our screener on 23/01/2020.
Chart of Finolex Cables Ltd. has formed Pattern - Higher Highs and Higher Low. Validity of this pattern is atleast for duration : 11/12/2019 to 23/01/2020 This formation is first found by our screener on 23/01/2020.
Stocks Relative Strength Index (Smooth) is falling below overbought range after staying in overbought for 1 days, 2 Days back.
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Share Price History of Finolex Cables Ltd.
Date
Open
High
Low
Close
Volume
23-Jan-20
414.80
417.80
412.00
414.45
13669
22-Jan-20
420.65
424.00
410.30
413.10
32011
21-Jan-20
414.00
421.00
407.75
419.30
41155
20-Jan-20
420.60
425.50
410.45
413.65
29169
17-Jan-20
418.60
429.95
418.60
420.60
35691
16-Jan-20
416.70
425.00
415.20
421.30
82688
15-Jan-20
412.80
418.95
411.00
416.70
27155
14-Jan-20
411.20
420.00
409.30
414.15
122 K
13-Jan-20
409.40
414.50
402.00
407.75
66021
10-Jan-20
397.70
418.00
395.00
406.70
202 K
About Finolex Cables Limited
Finolex Cables Limited manufactures and sells electrical and communication wires and cables, and other electrical appliances in India. The company operates through Electrical Cables, Communication Cables, Copper Rods, and Others segments. It offers electrical cables, such as 1100 V PVC insulated, motor winding PVC insulated, 3 core flat, automotive/battery, UPS, elevator, and solar cables, as well as heavy duty, underground, low voltage, power, and control cables; and communication cables, including optic fiber, coaxial, local area network, CCTV, speaker, jelly filled telephone, PE insulated telephone, and V-SAT cables. The company also provides copper rods; and electrical switches, sockets, regulators, etc., as well as retrofit and non-retrofit CFL lamps, T5 tube lights, and fittings. In addition, it offers LED based lighting solutions; ceiling, portable, and exhaust fans; switchgear products, such as miniature circuit breakers, residual current circuit breakers, molded current circuit breakers, and distribution boxes; and instant and storage water heaters. Further, the company offers its products online. The company also exports its products to the United States and the United Arab Emirates. Finolex Cables Limited was founded in 1958 and is headquartered in Pune, India. About Strength
Strength is based on Deep Analysis, Back Testing and Historical Trend Analysis using Machine Learning. Overall Technical Strength is based on 50+ indicators including Technicals, moving Avg, chart patterns, candlestick and proprietary algorithms.Technical Strength is currently calculated around around 5 to 6 PM. This is an automated process and in NO WAY should be considered as a tip as its based on past data. We strongly recommend to use these signals for information only and seek advise from a certified professional for any trading decision.If you like it then please share. The more the visitors the more the innovations. Feedback
We are working on fundamental strength also. Please share your views to help shape up the requirement.
( Intraday Analysis is on 15 Mins Delayed Data. All Other analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)
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