This 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...
Excel Industries Beautiful volume led BO - 785 above long
After long time very critical resistance zones.
BO above these levels will take stock to 913, then 1000+ in next 3 months
The trend is sustaining on the resistance level with negative divergence, short below the support level Buy above the resistance level. But mostly it will go down.
There is a multi-level head and shoulder pattern forming, and each time the shoulder resistance level has broken. Also, it has reached and going down the Fibonacci retracement levels, Potential pullback rally can start, Don't go for a higher profit.
