📊 Finolex Cables Ltd – Bullish Recovery After Sharp Correction
The stock is showing signs of strength after absorbing recent selling pressure, with buyers stepping in near support levels and price moving higher.
🔎 Technical Observations:
• Strong rebound after sharp correction
• Higher lows forming near support zone
• Fresh buying interest visible on recent candles
• Momentum indicators improving steadily
• Short-term trend turning positive
🔑 Key Levels:
• Support: ₹1,022 – ₹968
• Major Support: ₹913 – ₹859
• Resistance: ₹1,130 – ₹1,184
🚀 Upside Targets:
• ₹1,184
• ₹1,239
• ₹1,293+
📉 Risk Scenario:
A breakdown below ₹968 may weaken the recovery structure and lead to further consolidation.
📈 Trading View:
👉 Stock is recovering strongly from support levels
👉 Sustained move above ₹1,130 can trigger fresh bullish momentum towards higher targets
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊