EXCELINDUS - SWING & POSITIONAL TRADE OPPORTUNITY
1) Subsequent to inverted head & shoulder breakout in weekly time frame the stock retested the NECK LINE resistance and bouncing back
2) The positive factor is that the stock consolidated in a narrow range in daily time frame and given a breakout above trend line
3) Weekly charts indicates positional trading opportunity. However the stock may be consolidated at 1250 level before further upward move. Alternatively we could book partial profit at 1250 level .
4) Refer chart for levels
2) The positive factor is that the stock consolidated in a narrow range in daily time frame and given a breakout above trend line
3) Weekly charts indicates positional trading opportunity. However the stock may be consolidated at 1250 level before further upward move. Alternatively we could book partial profit at 1250 level .
4) Refer chart for levels
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