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...
Positional Trade: Excel Industries breaks out of a falling trend line. Buy: Excel Industries CMP: 1166 Target: 1300 Stop Loss: 1080 Holding Period: 1 Month
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PROBABILITY OF BREAKOUT N THE DIRECTION OF THE TREND
Facing Resistance at the Trend Line, once crossed should do well.
Forming Head and shoulder pattern and retracement done in a beautiful way. Can expect reversal from current levels
CHART SPEAKS.
This is a good Technofunda pick for mid to long term investors. Any dip till 954 is a buying opportunity
Had highlighted this opportunity previously also.. (Check link below) Symmetrical pattern forming in short term consolidation phase.. Buy now!!
For Self Study. Trade at your own risk. Target: 1400-1450. SL: 960
A picture perfect head and shoulder pattern is formed in excelindus Long at 1045 target 1600 Sl 780
Hi followers, I can see amazing opportunity buildup in Excel Industries. I am expecting good return if not amazing in coming 6 months looking at charts and as per technical analysis. Weightage of 4-5% can be given in long term portfolios. #JustMyViews_NotRecommendation
tgt of 1500 would offer resistance both historical and psychological Monitor closely around that number.. All details on chart
Volume is reducing when the price falls, enter at 0.786 level
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.
Excel Industries on weekly basis it has given a good BO for inv HNS and retested the BO levels and bounced back so it looks good for long and can be bought at cmp 1151 or on dips upto 1000 for the targets of 1230 / 1330 / 1430 ++ with a strict sl of 864 for a short to medium term. All charts posted here are only for EDUCATIONAL PURPOSE. Before entering into any...
SL Below Horizontal support on DCB Trail Target