EXIDEIND | Weekly Chart | 5.5years Multiyear BO | ATH BO Long

EXIDE INDUSTRIESNSE

Description

⋅ Feb 5, 2024 9:48 AM

Chart analysis in Weekly time frame:
Pattern: Basing pattern is formed in 5.5 years.
Breakout: BO of ATH and Basing pattern and re-test of breakout is also performed.
Volume: Volume spike is there during BO and the volume is above Moving Average.

Trade setup:
Entry price: 345.7
Stop loss: Below previous ATH 304.7
Target 1: 369.3
Target 2: 407.55
Target 3: 469.4

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades