SWING IDEA - EXCEL INDUSTRIES

2024年11月16日

Excel Industries, known for its expertise in manufacturing specialty chemicals, is setting up for a possible swing trade with supporting technicals.

Reasons are listed below :

• Breaking out 1600 Zone: The price has tested this level multiple times and is now set to potentially break through, signaling strength.
  
• Trendline Breakout: A breakout following a period of consolidation at the higher end of the trendline suggests momentum building.
  
• Highest Weekly Close Since 2019: The recent price action reflects significant bullishness, closing at levels not seen in years.
  
• Intact Trend: The formation of higher highs and lows indicates that the bullish trend remains solid.
  
• Trading Above 50 and 200 EMA: The price action above these key moving averages on the weekly timeframe points to continued positive sentiment and support.
  

Target - 1920 // 2130
Stoploss - weekly close below 1425


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@visionary.growth.insights

2024年12月14日

交易结束：到达止损

stoploss hit : -16%