Kom igång
k314

EXCELINDUS weekly chart study - Broadening wedge

EXCEL INDUSTRIES (NSE:EXCELINDUS)  
k314 Uppdaterad   
NSE:EXCELINDUS   EXCEL INDUSTRIES
Trend Analysis Technical Indicators Chart Patterns EXCELINDUS
4
0
trendanalysis indicator chartpattern excelindus
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.
Kommentera:
Pitchfork analysis shows big upside and the median line coincides with the 1300-1350 levels.
If it takes support at the median line and gives a bounce then that could be a good signal to buy as risk will be very small (by placing SL below the median support)

snapshot
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.