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.
The script has closed at 1475.40 and it shows potential of going further up.
20 Day EMA is above 50 Day EMA and is facing up.
RSI is above 50 level and facing up.
MACD has given positive crossover above zero which again is positive sign.
If you do further analysis, 10 week EMA is above 30 week EMA and facing up.
You should Buy @ CMP (1476) For the target of...