On daily chart Excel has formed a bottom near 60-66 price band. Also stock is making higher highs from the base indiacting uptrend in coming days. Stock is trading above triangle as shown in figure and waiting for breakout upside. Stock is also trading above all its key moving averages which is also a bullish sigb. However stock may or may not behave as our analysis says as stock trades with very low volume.
High risk traders can buy this stock with price target of 80 - 82 in short term.
Stop loss at 66 recommended.
CMP - 72 as on 7 sept 12.
