Niftydirection

Exide with Potential Upside

Long
Niftydirection Updated   
NSE:EXIDEIND   EXIDE INDUSTRIES
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.

I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------

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

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.