NSE:EXCELINDUS Good above 1018 Long term buyer can can on cmp Rsi >70 chart is showing for fresh upward movement
Excel Industries Ltd. CMP – 902.55 Market Capitalization Rs 1,134.6Cr Red Flags:🟥 High Valuation (P.E. = 39.8) Declining annual net profit FIIs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge Improving cash from operations annual Dividend Yield @CMP = 1.33% Happy Candles Number – 54/100 X/2 Fresh Entry/ averaging / compounding after closing...
Excel Industries is in long term support. It is close to 760 level. Can accumulate slowly with a target of next 2,3 year. It will cross it's previous ATH. START with staggered way of 20% now and next 5 tranches.
Reason for long a) Super trend, QQE, Renko and Rainbow is long b) volume and price spurt c) price pattern: w formation d) monthly breakout and breakout in blue channel area indicating the bullishness entry level near 945 to 950 with 7% SL and target of 14% and target 1 at 7%. SL compulsory
After long consolidation, a bullish falg formation and closer to major moving averages makes its low risk recomdation for estimated returns of nearly 10-15% in short span. Best suggestive accumulation zone is near 850-60. Can go upto 1057-1194 in next 2qtrs.
EXCEL INDUSTRIES (W) - Price has taken support at Reversal zone - "W" Pattern Formation at support R1: 1270-1290 #BREAKOUTSTOCKS
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Price is in uptrend reversed from Trendline. Also price broke from box with with volume. CMP: 982 Nearby Support: 802 Nearby Resistance: 1120, 1161.
Risk Reward Ratio 1:2 , take 5% risk from your capital. Once price move half profit then move the stop lose to its entry point. Don’t close the trade in-between . Don’t book partial profit , wait for the target to achieve
Excel Industries Ltd. Buy According to wave analysis .Follow the trade update below ...
Fundamentals are improving with highest quarterly sales. Available at fair value. May reach all time high. Stop loss 1100. Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor...
Bullish RSI divergence on daily chart, breakout from last top above 1162. Go long at CMP with a stop loss of 1109. Potential target for this trade is 1300.
Good bullish structure, approaching ath , keep eye!
Both are in DETC spec chem but the valuation of Excel are at steep discount compared to Fine Org. But catching up slowly.
Cup and Handle Breakout above 1021 we can see 1120 levels , SL 903 if the rally continues Above 1137 sl 961 then targets can 1215 -1220-1250
Ready for blast Bullish breakout with heavy volume
broken out of weekly resistance with good volume. Also formed inverse HNS pattern on weekly . Good consolidation for about 6 months.All the important support and resistance have been marked on chart