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exide ind at support, reversal expected.
EXIDE INDUSTRIES LTD
Long
exide ind at support, reversal expected.
By ParamjitMahapatro
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Updated
Sep 12, 2017
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5
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Sep 2, 2017
in weekly, hammer formed at horizontal support
also hidden bullish divergence seen in weekly,
in daily, regular bullish divergence seen
sl - 193 tgt1 - 220, tgt2 - 250
Sep 12, 2017
Trade active
exide moving up as expected, closed at 226.05.
Sep 12, 2017
Trade active
BB is expanding in daily and candles are riding the upper BB
Sep 18, 2017
Trade active
descending channel breakout in daily with good volume, now it is trying to retest the breakout level.
Dec 16, 2017
Trade active
price still consolidating at the support zone.
Dec 22, 2017
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after a long consolidation, exide ind showing strength, BB is expanding and candles are riding the upper BB,
Dec 22, 2017
Note
1st tgt of 220 achieved here
Aug 7, 2018
Trade active
2nd target of 250, already achieved here, cheers...
cmp - 278.80, imp resistance at 250 got broken with good volume, currently it is in strong uptrend. follow up chart -
Bullish Divergence
Hammer
support
Support and Resistance
Trend Analysis
uptrend
ParamjitMahapatro
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