Market Trading Guide: Finolex Cables among 3 stock recommendations for Friday

Indian markets remained volatile on expiry day, with crude prices, a weaker rupee, and rising bond yields weighing on sentiment. Despite strong August equity fund flow data and moderation in the SIP stoppage ratio, the markets were tempered by the depreciating rupee and firming domestic bond yields. Analysts recommend Finolex Cables, Jindal Saw, and Emmvee Photovoltaic Power, citing bullish breakouts, strong momentum, technical indicators, and upside targets. Finolex Cables has delivered a strong daily breakout, closing at 1418.40 (+4.80%) after holding comfortably above its key exponential moving averages. The chart setup confirms sustained upside momentum, supported by price and positive volume. Virat Jagad, Sr Technical Research Analyst at Bonanza Portfolio, attributes this to price holding above its resistance zone and advancing RSI. Jindal Saw has printed a strong bullish daily breakout, pushing past prior resistance to reach 317.50 (+1.86%), guided closely by its short-term exponential moving averages. Bharat K Gala, Head of Technical at Ventura, attributes this to the stock trading above its 200 SMA and indicators like MACD momentum expanding. Emmvee Photovoltaic Power has given a Symmetrical Triangle Breakout, supported by volumes and a bullish candle reaching a high of 344.65, which is higher than previous swing tops. The stock is trading above its 200 SMA and indicators like RSI trading above 50, and advance/decline suggests positive crossover. For Friday, investors should consider these three stocks, with Finolex Cables' buying zone at 1418-1425, stop-loss at 1340, and target at 1580, and Jindal Saw's buying zone at 317.5-319 with a stop-loss at 303 and target at 345. Emmvee Photovoltaic Power's buying zone is at 342.5 with a stop-loss at 306 and target at 412.