Technical Analysis Report Date :

19/12/2013

Presented by : STRIKERS Group

Under the Guidance of Mr. Jatin Sanghavi

Technical Analysis of Finolex Cables Limited

GRADE :

TEAM -- STRIKERS Senior Leader Vikas Chaudhari

Team Leader Devang K. Shah

Vice Captain Minal Udeshi

Team Members Sudhir Anchan

Team Members Kartik G

Team Members Pradeep J

Finolex Cables Limited Company Profile : Finolex Cables Ltd, the flagship company of the

Finolex Group was established in 1958 in Pune. Today, it is India's largest and leading manufacturer of electrical and telecommunication cables with a turnover in excess of Rs.16 Billion (about US $ 320 million).

Traded As BSE: 500144 / NSE: FINCABLES

Industry Cables

Current market price INR

79 (19/12/2013)

Website http://www.finolex.com/

Trading Analysis: BUY Finolex Cables Limited

Term Trading View

Target s- INR

Stop Loss – INR

Potential Profit %

Short Term Bullish 90 50 13.9%

Medium Term

Bullish 107 40 35.4%

Long Term Bullish 119 40 51.9%

BUY

DAILY CHART ANALYSISShort Term view : Target = Rs 90 & Stoploss = Rs 50

RISING WEDGE (Bullish Breakout)

BREAK OUT

- BUY

Higher Volume on Breakout

BUY

STOP LOSS

Calculation of Rising Wedge Target :

Confluence zone

DAILY CHART ANALYSIS

Height of Pattern : 66 - 42 = 24 Add to Breakout: 66 + 24 = 90 Target is 90 & StopLoss is the higher bottom in the pattern i.e 50

In Daily charts it is seen that the Confluence Zone made by Fibonacci Retracement levels of two major falls (coinciding at 61.8% and 161.8% levels) is at 91.

BREAK OUT- BUY

STOP LOSS

The Stock is above all the Moving Averages suggesting an uptrend

Stochastic Oscillator - %K cuts %D from Below and hence is in Buy Mode

MACD is in BUY mode On Balance Volume (OBV) is making higher highs and higher lows suggesting an uptrend

DAILY OSCILLATORS

Moving Averages

Stochastic Oscillator

OBVMACD

WEEKLY CHART ANALYSIS

INVERTED HEAD &

SHOULDER PATTERN

BREAK OUTBUY

SHOULDER SHOULDER

HEAD

Neck Line

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

BUY

STOP LOSS

Momentum - Oscillator ROC continues in Buy signal

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.

WEEKLY OSCILLATORS

The Stock is above all the Moving Averages suggesting an uptrend

Moving Averages ROC

OBVADX

Monthly Chart Analysis

RISING WEDGE (Bullish Breakout) BREAK

OUT

Calculation of Rising Wedge Target:

• Height of Pattern : 76.3- 19.3= 57• Add to Breakout: 62+ 57 = 119 • Target is 119 & Stop Loss is the 200

Monthly Moving Average = 40

BUY

Stop Loss= 200 Monthly

Moving Average =40

Daryl Guppy continues in Buy mode

On Balance Volume OBV is making higher highs and higher lows suggesting an uptrend

Moving Averages Daryll Guppy Indicator

MACDOBV

Monthly Oscillators

The Stock is above all the Moving Averages suggesting an uptrend

MACD is in BUY mode

The trend in short term, medium term and long term timeframe is positive.

In the daily and monthly chart there is a Rising Wedge Bullish Pattern.

In the weekly chart there is an Inverted Head and Shoulder Bullish Pattern formation .

The Daily, Weekly and Monthly Oscillators are supporting the stock to achieve the targets.

a. Target 1 : at Rs. 90 b. Target 2 : at Rs. 107 and c. Target 3 : at Rs. 119

Analysis Conclusion :

BUY

ありがとうArigatō

"thank you" in Japanese

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.

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.All Rights Reserved - Copyright 2013