Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long.
Risk Reward is more then 6-8
EXIDEIND traded 5 times its average volumes and broken down the triangle pattern.
SELL at 253.4
I am not SEBI Registered technical analyst. Consult your Financial Adviser before investing
ENTER THE TRADE WITH FOLLOWING LEVELS:
POSITIONAL TARGET: 300 (SL: 240)
*TRADE AS PER YOUR RISK APPETITE*
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EXIDEIND has traded with more then twice the average quantity on NSE with change in OI close to 18%
This is currently trading above ichimoku with price crossing upper Bullinger band.
Signifies a BUY at 271.8 with Stop-loss of 265.7 and Target of 281.45
Retested 245 again and there is buying pressure. The market has been sideways for quite some time and open interest suggest there is a negative bias. If price goes up and then retraces to 253 (cloud periphery) it could be good entry point with stop at 245.