Long for doubleRounding bottom BO with volumes . It can double up if maintained above 418.
I am not Sebi registered. This is for analysis purpose only.
0.42%
18.90INR
173.028MINR
1.801BINR
5.416M
About AXTEL INDUSTRIES LTD.
Sector
Industry
Headquarters
Panchmahal
Website
Employees (FY)
205
Founded
1991
ISIN
INE767C01012
Axtel Industries Ltd. engages in the manufacture of custom designed food processing plants and machineries. The firm supplies process engineering equipment and turnkey systems to the food and pharmaceutical industries. Its portfolio includes the following categories of equipment: solids handling, storage and discharge, sieving and straining, size reduction, mixing and blending, and specialized process equipment. The company was founded on August 28, 1991 and is headquartered in Panchmahal, India.
AXTEL BreakoutAfter consolidating in the rectangle AXTEL is going for breakout with a target of 472 and SL 369
AXTELLevels mentioned on chart. SL based on daily closing.
Low volume stock. Adjust position size accordingly.
Axtel BSE:AXTEL
Weekly chart
flag and pole
Entry -cmp
Sl- below flag bottom line
t1- flag upper line ( RSI divergence)
t2- pole length
favorable R:R
AXTEL Ready for uprunAXTEL Ready for uprun
Symmetrical Triangle BO
RSI Moving up
buy between 310 325
SL 285
T 340, 355, 400
near supportSupport will be found at around 118, the stock has potential to move up to 200 or more under bullish momentum
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