Finolex Cables
⚡ STOCK TO WATCH ⚡
Finolex Cables Ltd.
₹1,015–₹1,025 → ₹2,417 👀
A leading electrical cables and wires manufacturer appearing on my Weekly R4 Breakout Scanner.
📌 Buy Zone: ₹1,015–₹1,025
📌 Breakout Zone: ₹1,015
🛑 Stop Loss: ₹765
🎯 Target: ₹2,417
Why Finolex Cables?
🔌 One of India's leading manufacturers of electrical cables, wires and communication cables.
🏗️ Strong beneficiary of India's infrastructure, housing, power and industrial capex cycle.
🌍 Diversified product portfolio spanning electrical wires, FMEG products and telecom cables.
📈 Well-positioned to benefit from increasing electrification, urbanization and real estate growth.
📊 Weekly Camarilla R4 Breakout Setup.
Why It Caught My Attention
✅ Market leader in cables & wires
✅ Infrastructure and housing growth theme
✅ Strong brand with nationwide distribution
✅ Attractive long-term risk-reward setup
✅ Weekly R4 Momentum Breakout
⚠️ High Risk – High Reward Setup. Always follow strict stop-loss and disciplined position sizing.
📢 Disclaimer: This content is for educational purposes only and not investment advice. Please do your own due diligence before making any investment decisions.
Risk Defined. Reward Visible.
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