Monday 5 January 2015

Resistance and Support Levels for Finolex Cables


Finolex Cables BSE: 500144 NSE: FINCABLES

BUY above 285

SHORT-TERM

Support (+/-5):  241 / 216 
Resistance(+/-5): 294  / 304 / 319

MEDIUM-TERM 

Support(+/-5): 175 / 140
Resistance(+/-5): 324 / 349 / 380

LONG-TERM

Support (+/-10) : 110
Resistance (+/-10): 445 / 530

The stock has good resistance around 279 (+/-5)

Investors with a time frame of 1 to 2 weeks can 
BUY the stock above 272 with a target of  279 /283.
Keep Stoploss at 255






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