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Technicals for Finolex Industries Limited
By MusingTheNews
2026-02-02 20:34
Overall Technical outlook
Price Summary
Finolex Industries Limited's stock opened at 173.75 on 2026-02-02, surged to 175.9, dropped to 170.01, and ended 0.68% higher at 174.94, with 272267 shares traded. In the 52-week period, the stock's peak price is 232.53, and the lowest price recorded is 163.4. The future price of FINPIPE is projected to range from 175.0 to 283.0, with an average expected price of 223.9375, according to 16 analysts.
Technicals
Support and Resistance: The current price of 174.94 for FINPIPE is supported at 173.17 and faces resistance at 181.73. These levels indicate that 173.17 could act as a floor, while 181.73 might limit any further price increases. Support/Resistance for FINPIPE
Aroon: The current state of the AROON is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Aroon chart for Finolex Industries Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Bolinger Bands chart for Finolex Industries Limited
Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains. Parabolic Stop and Reverse chart for Finolex Industries Limited
Stochastic: The current state of the STOCHASTIC is neutral for FINPIPE, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Stochastic chart for Finolex Industries Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Tripple SMA chart for Finolex Industries Limited
A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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