PROBABILITY OF BREAKOUT N THE DIRECTION OF THE TREND
tgt of 1500 would offer resistance both historical and psychological Monitor closely around that number.. All details on chart
After studying the price action and applying concepts of technical analysis I have come to the conclusion that Excel industries is providing a good opportunity to buy. Promoters hold a decent amount of stake in the company and the company looks fundamentally okay with no red flags. Hence, I call this a techno-funda idea instead of a pure techno idea.
Chart is pretty clear and straight here. A simple Inverted Head and Shoulder formation can be seen on the weekly charts of Excel Industries. Further, a good breakout is seen with good volumes and sustainability above the resistance point. In addition, a perfect retrace is seen and buying pressure can be seen in the last candle. The last candle tested the...
* Pullback after breakout with low volume is a sign of bullish .
if sustains BO, we can see big targets
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Excel ind A chemical company Chemical company gave multi year breakout on chart
Buy Excel indus above 860 Target 930 with SL of 825. Seems good trade . once again stock taken support & expected to reach till resistance level. This is for your educational purpose only.
SWING TRADING ANALYSIS: Excel Industries Ltd (EXCELINDUS) DEVELOPING INVERTED H&S PATTERN LONG VIEW FROM CMP LEVEL EDUCATIONAL PURPOSE ONLY
buy above 1016 target 1200 stoploss 930 day closing basis
Excel industries long above 1035, for target 1195-1225
Excel industries - inching towards long term trendline support wait for trend change good script for long term
EXCELINDUS weekly chart shows its highly overstretched at current levels. Formed a broadening wedge pattern. Expecting it to test 1300-1350 zone soon. Investors who are very bullish can buy a small quantity in this zone. But it would be safe to wait for a bounce confirmation on weekly chart at this zone before you buy.