koolshanin

EXIDEIND Tingling near previous gap down area can trigger a sell

Short
NSE:EXIDEIND   EXIDE INDUSTRIES
EXIDEIND hourly is showing a failure to close the 217-220 gap create earlier. Lingering near the gap and failing to cross above can create a panic for bulls here. Micro structure shows a inter trendline break showing a chance of sell-off here.

EnTry: Cmp 211 or retest of 215 SL

SL: 223 (closing basis on hourly timeframe)

Target: 203/192 and rest ride the trend

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