Niftydirection

Exide with Potential Upside

Long
NSE:EXIDEIND   EXIDE INDUSTRIES
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I may or may not trade this analysis
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Exide gave good breakout with volume it should move upside from current price. After plotting Elliott waves we can see its in wave iii so There are two possible trades

Short term trade: long near 180-82 Stop loss 169.5 for target 195

Positional trade: long near 180-82 Stop loss 154 target 226 in wave iii and 245 in wave v
Comment: Short term target hit 195 from 181