Finolex Industries’ stock price rose by 14% in a month, hitting a fresh 52-week high in May, and chart patterns suggest that the rally may not be over yet. Traders can buy the stock for a target of Rs 230 in the next 1-2 months, according to experts. The momentum helped the stock hit key moving averages, the Relative Strength Index is placed at 67.7, and MACD is above its center and signal Line, all positive indicators for the bulls. The stock has been in an uptrend since October 2022, and it recently broke out from a Descending Triangle pattern with strong volumes.
Nifty to consolidate between 25,850–26,300 in coming weeks: Rajesh Bhosale
Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate
December 8, 2025