Hi everyone, Exide industries short term swing trade consider buy above: 170, target: 188, stoploss: 164.
LOGIC BEHIND TRADE: Stock formed W & double bottom pattern and given breakout of it`s resistance, buying on pull back with small stoploss makes good RR (targets identified from xabcd pattern level 1.131) stoploss is previous swing low above 173 stoploss will be at cost. NSE:EXIDEIND