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[Premium] Trade Of The Week

March 10, 2023

This week we're looking at is Capital Goods sector.

Finolex Cables Ltd has a multi-year base breakout with strong momentum and outperformance against the broader market. The RSI indicator shows a bullish momentum. This is a positive sign for the stock, as buyers have been able to achieve an upward breakout after five years of no progress.

We're bullish above the risk management level of 758, with a target close to 1,126.

Click on the chart to zoom in.

  Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team