ontropronor06

Exide Industries Trendline

Long
NSE:EXIDEIND   EXIDE INDUSTRIES
Exide industries is following a short term trend line . Indicators are positive.
Stock Reversed from the support of 177.
Bullish move can be seen in coming days.
Be cautious of the trend line break in opposite direction.
First Target will be 210.
Trade closed: stop reached: Close the trade as the price action suggests breakout on trendline and moving average both.
Indicators also have given negative signal better to get out of the position and wait for some cheaper buying options

Comments

This is helpfull
+1 Reply
Please share your view as per the latest move. I also was predicting to go up. The recent break down from the trend line is little scary. Holding 190CE
Reply
@DILIP05, Trend Lines Seems to be more restrictive try holding the position with 20 EMA price is still above that so no worries SL will be 188 for current situation.
+2 Reply
CAMANISHKGAUR ontropronor06
@ontropronor06, It has broken te trend line and no showing strength any view
Reply
ontropronor06 CAMANISHKGAUR
@CAMANISHKGAUR, Though it is still very close to recent support, Close the trade as the price action suggests breakout on trendline and moving average both.
Indicators also have given negative signal better to get out of the position and wait for some cheaper buying options
Reply