This simply looks too good, both, technically and fundamentally as well, the formations are good, stock seems to be retesting the breakout levels and this is considered to be one of the best times to get into any stock, a buy is strongly recommended in the bracket of 1010-1050 with a stop-loss of 980 for higher targets.
Happy Investing :)
Inverted H&S Breakout besides Pole and Flag breakout when closely observed.
Formed a strong base after breakout and has crossed the trendline resistance.
Stop loss can be a psychological level of 1000.
It's time for the application to the words "Trend is your friend, untill it's bend." Bullish peanut flag pattern in the direction of trend. Low consolidation volumes and price and volume surge today is a good indication that buyers are in control of the trend. Buy stop order should be 1180.
Disclaimer: EDUCATION PURPOSE ONLY. THIS IS NOT A CALL.
This is a weekly chart of the Excel Industries from the Chemical Sector wherein after making a low of 375 in March 2020, it has made an unprecedented rally from the lows up till 1014 level in August and from there on till the Mid of the May it has consolidated in this range of 200 points from 820-1015 range. When there is a breakout the levels are broken with a...