Corporate Radar: Finolex Cables, Glenmark Life, IGL to trade ex-dividend; BEL bonus issue and more
Besides, Bharat Electronics and Rajnandini Metal shall trade ex-bonus for 2:1 and 1:2 bonus share issuances, respectively. Also, the rights issue for Libas Consumer is lined up for today as part of which the company shall offer the right to buy 1 share for every 2 shares held at Rs 21 per share.
Buy Excel Industries, target price Rs 1410: ICICI Direct
Excel Industries Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 1594.66 Crore) operating in Pesticides/Agro Chemicals sector.
#EXCELINDUS Enter Above 1210, Aggressive can enter at CMP, SL 1085, Target are High 1300,1400, ATH If Stock maintains momentum, Retracement will come ,Trial ur SL
Currently this stock making higher high and higher low formation on daily chart. today price reversed from it's support area and looks like soon it will create a new higher high so keep sl below 850 on daily closing and look for target 1100 in coming weeks.
Trade Setup for Tuesday: Top 15 things to know before Opening Bell
Key support level for Nifty is placed at 9,198.15, followed by 9,134.45. If the index starts moving up, key resistance levels to watch out for are 9,358.2 and 9,454.55