Is Universal Cables Holding Its Medium-Term Technical Strength?
About Universal Cables
🔹 Operates in power and industrial cable segment.
🔹 Infrastructure-linked demand exposure.
🔹 Stock reflects sectoral cycles.
🔹 Medium-term trend remains relevant.
Universal Cables continues to trade within a rising trend channel, signalling that long-term participants are still active despite near-term corrections.
Short-term breakdowns often occur within broader uptrends and should be viewed in the context of key support zones.
Support and Risk Zones
🔹 Key support around ₹800.
🔹 Holding support may invite buying.
🔹 Breakdown below support is negative.
🔹 Trend strength depends on reaction.
Volume patterns show higher participation at price tops and lighter volume during declines, reinforcing the prevailing trend structure.
Such setups are often tracked alongside a Nifty Futures Tip to manage exposure.
Technical Assessment
| Factor | Status |
|---|---|
| Trend | Rising |
| Volume balance | Positive |
Valuation & Investment View
🔹 Medium-term trend intact.
🔹 Support behaviour critical.
🔹 Trend-following stock.
🔹 Avoid emotional trades.
Traders often complement this view with a BankNifty Futures Tip.
Investor Takeaway
Derivative Pro & Nifty Expert Gulshan Khera, CFP® notes that rising channels with positive volume balance favour patience over panic. Technical discipline matters. Learn more at Indian-Share-Tips.com.
Related Queries on Universal Cables Stock
🔹 Universal Cables trend analysis?
🔹 Key support levels?
🔹 Rising channel meaning?
🔹 Volume analysis stocks?
🔹 Infrastructure stocks outlook?
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services
