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Exide Industries Limited
Long
Updated

exide ind at support, reversal expected.

212
in weekly, hammer formed at horizontal support

also hidden bullish divergence seen in weekly, snapshot

in daily, regular bullish divergence seen snapshot

sl - 193 tgt1 - 220, tgt2 - 250
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exide moving up as expected, closed at 226.05.
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BB is expanding in daily and candles are riding the upper BB snapshot
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descending channel breakout in daily with good volume, now it is trying to retest the breakout level. snapshot
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price still consolidating at the support zone.
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after a long consolidation, exide ind showing strength, BB is expanding and candles are riding the upper BB, snapshot
Note
1st tgt of 220 achieved here
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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 -
snapshot
ParamjitMahapatro
Bullish DivergenceHammersupportSupport and ResistanceTrend Analysisuptrend

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bullish DivergenceHammersupportSupport and ResistanceTrend Analysisuptrend
ParamjitMahapatro

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.