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Finolex Cables Limited

Finolex Cables Limited . Trading Analysis: BUY Finolex Cables Limited . BUY. DAILY CHART ANALYSIS. Short Term view : Target = Rs 90 & Stoploss = Rs 50. PATTERN NAME : RISING WEDGE (Bullish) . BREAK OUT - BUY. Higher Volume on Breakout. DAILY CHART ANALYSIS.

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Finolex Cables Limited

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  1. Finolex Cables Limited Trading Analysis: BUYFinolex Cables Limited BUY

  2. DAILY CHART ANALYSIS Short Term view : Target = Rs 90 & Stoploss = Rs 50 PATTERN NAME : RISING WEDGE (Bullish) BREAK OUT - BUY Higher Volume on Breakout

  3. DAILY CHART ANALYSIS Calculation of Rising Wedge Pattern Height of Pattern : 66 - 42 = 24 Add to Breakout: 66 + 24 = 90 Target is 90 & StopLoss is the higher bottom in the pattern i.e50 Confluence zone In Daily charts it indicates that the Confluence Zone is at 91 level.

  4. DAILY OSCILLATORS Moving Averages Stochastic Oscillator Stochastic Oscillator - %K cuts %D from Below and hence is in Buy Mode The Stock is above all the Moving Averages suggesting an uptrend MACD OBV On Balance Volume OBV is making higher highs and higher lows suggesting an uptrend MACD is in BUY mode

  5. WEEKLY CHART ANALYSIS INVERTED HEAD & SHOULDER PATTERN BREAK OUT Neck Line HEAD SHOULDER SHOULDER

  6. WEEKLY CHART ANALYSIS • Calculation of Inverted • Head & Shoulder : • Height of the Head = (64-20) = 44 • Add to Breakout: 63 + 44 = 107 • Target as per H & S = 107 • Stop Loss (SL) = Low of the right Shoulder = 40 BREAK OUT SHOULDER SHOULDER HEAD

  7. WEEKLY OSCILLATORS Moving Averages ROC The Stock is above all the Moving Averages suggesting an uptrend Momentum - Oscillator ROC continues in Buy signal OBV ADX ADX is at 32, suggesting that the Stock has strength. The Directional Indicators continue with its BUY signal as +DI remains above -DI On Balance Volume OBV is making higher highs and higher lows suggesting an uptrend

  8. Monthly Chart Analysis PATTERN NAME : RISING WEDGE (Bullish) BREAK OUT

  9. Monthly Chart Analysis Calculation of Rising Wedge Bullish Pattern : PATTERN NAME : RISING WEDGE (Bullish) BREAK OUT • Height of Pattern : 76.3- 19.3= 57 • Add to Breakout: 62+ 57 = 119 • Target is 119 & StopLoss is the 200 MA = 40

  10. Monthly Oscillators Moving Averages Daryll Guppy Indicator Daryl Guppy continues in Buy mode The Stock is above all the Moving Averages suggesting an uptrend MACD OBV On Balance Volume OBV is making higher highs and higher lows suggesting an uptrend MACD is in BUY mode

  11. Analysis Conclusion : • The trend in short term, medium term and long term timeframe is positive. • In the daily and monthly chart there is Rising Wedge Bullish Pattern. • In the weekly chart there is an Inverted Head and Shoulder Pattern formation . • The Daily, Weekly and Monthly Oscillators are supporting the stock to achieve the targets • Target 1 : at Rs. 90 • Target 2 : at Rs. 107 and • Target 3 : at Rs. 119

  12. ありがとう Arigatō "thank you" in Japanese

  13. Sincere heart felt thanks and acknowledgements : We remain ever indebted to Jatin Sir’s untiring passion to teach technical analysis. His commitment and passion to this field is super contagious ! Special thanks to Vikas – our group’s senior advisor for always helping us whenever we have doubts and accelerating our learning.

  14. Disclaimer : The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness.

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