Excel Industries Cmp 1033 dated 7.5.2021
1. Head & shoulder Pattern on chart daily &
weekly Chart.
Buy for tgt of 1100-1200-1300-1400-1600 SL 850
it is just a view, pls trade at your own risk.
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...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Excel industries charts looking very strong for short term
Range breakout after almost 2 years consolidation
Sustaining above 1050 can take it more upside
View negative below closing of 975 only
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
" EXCELINDUS " has given a strong breakout backed by a huge volume. We have got multiple confirmations.
1. Neckline of the H&S pattern has been breached.
2. Crossed 200 day moving average.
3. Breached the Multi year trend line.
4. Breakout with a huge volume.
5. Very good consolidation before breakout
All these above points have qualified this stock to give...
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.
Please enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries.
Kindly support my views. Thanks
EXCELINDUSTRY LOOKS BULLISH ON ALL TIME FRAME AND GOOD FUNDAMENTAL STOCK BUY ABOVE 1000 ON WEEKLY CLOSING BASIS AND TRAIL YOUR SL,AS I PERSONAL EXPECTED THIS STOCK CAN TOUCH 1500 TO 2000 I AM NOT GIVING YO ANY BUYING RECOMANDAITION DO YOUR STUDY MAKE YOUR TRADE PALN ACCRODING.
Stock P/E
16.2
OPM
15.6 %
Pledged percentage
0.00 %
Book Value
₹ 55
Int Coverage
34.1
TARGETS ON THE CHART.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Excel Industries is one of the best chemical company which has strong fundamentals. At Rs 1000 Excel Industries is having strong support.
High volumes at this level suggest breakout and the next resistance level is Rs 1100. It can be a good buy.
