Finolex Cables is currently trading near ₹765, below its 50-day and 200-day moving averages indicating short-term bearish momentum. Technical indicators such as RSI (~28) and MACD point to oversold conditions, suggesting potential near-term reversal or consolidation. However, immediate resistance is seen around ₹790-800, and the stock needs to sustain above this for a bullish breakout. Support levels are near ₹750, which should be closely monitored for risk management.
BUY : FINCABLES-EQ( FINCABLES ) [1038]
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