EXCEL INDUSTRIES LTDAtualizado EXCELINDUS weekly chart study - Broadening wedge
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.
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.
Nota
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)
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.