Excel Industries- Potential to become excellent turnaround storyExcel 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 above 906
Final Entry 943
Targets: 975
Long term target: 1019
Stop loss: Closing below 823
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EXCELINDUS
EXCELINDUS Swing Trade SetupThis 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.
EXCEL INDUSTRIES - Chart Study - Bullish ViewThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Analysis & Strategy along with logic is explained in image itself.
Pls keep in mind that Proper breakout is yet to occur as per theoretical chart pattern.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query about chart study / price action analysis.