Technical Analysis Report Date :20/12/2013 Presented by :STRIKERS Group Under the Guidance ofMr. Jatin Sanghavi Technical Analysis ofFinolex Cables Limited

TEAM -- STRIKERS Senior LeaderVikas Chaudhari Team LeaderDevang Shah Vice CaptainMinal Udeshi Team MembersSudhir A Team MembersKartik G Team MembersPradeep 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 AsBSEBSE: / NSE: FINCABLES500144NSEFINCABLES IndustryCables Current market price INR79 (19/12/2013) Websitehttp:// Trading Analysis: BUY Finolex Cables Limited TermTrading ViewTarget s- INRStop Loss – INRPotential Profit % Short TermBullish % Medium TermBullish % Long TermBullish %

DAILY CHART ANALYSIS Short Term view : Target = Rs 90 & Stoploss = Rs 50 PATTERN NAME : RISING WEDGE (Bullish)

Calculation of Rising Wedge Pattern Confluence zone DAILY CHART ANALYSIS Height of Pattern : = 24 Add to Breakout: = 90 Target is 90 & StopLoss is the higher bottom in the pattern i.e 50 In Daily charts it indicates that the Confluence Zone is at 91 level.

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

WEEKLY CHART ANALYSIS INVERTED HEAD & SHOULDER PATTERN INVERTED HEAD & SHOULDER PATTERN Neck Line

WEEKLY CHART ANALYSIS Calculation of Inverted Head & Shoulder : Height of the Head = (64-20) = 44 Add to Breakout: = 107 Target as per H & S = 107 Stop Loss (SL) = Low of the right Shoulder = 40

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

Monthly Chart Analysis PATTERN NAME : RISING WEDGE (Bullish)

Monthly Chart Analysis PATTERN NAME : RISING WEDGE (Bullish) Calculation of Rising Wedge Bullish Pattern : Height of Pattern : = 57 Add to Breakout: = 119 Target is 119 & StopLoss is the 200 MA = 40

Daryl Guppy continues in Buy mode On Balance Volume OBV is making higher highs and higher lows suggesting an uptrend 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 Rising Wedge Bullish Pattern.  In the weekly chart there is an Inverted Head and Shoulder 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

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.