Exide looks strong on weekly chart by breaking falling trendline resistance with good volume jump and breaking Bollinger upper band too and gives a bullish closing on above both so that we can see coming bullishness in this counter.
Cause of long-:
1- Falling resistance breakout.
2- Bollinger bands breakout.
3- Volume breakout.
Exide Industries Ltd. (EXID) @breakout
Exide today breakout with strong volume and momentum daily chart.
breakout for long. so strong upside are coming. BUY above 172.25
NEXT TARGET 177,185,194. Time to go for long, get ready to catch the profit. Thank you.
Exide Industries look bullish for the next 5-7 days, We have observed trendline Breakout after huge consolidation and also backed by good quarterly results, I am Buying Exide Industries in Cash Segment Around current Price @ 160 For the Targets of 175-180 and Stoploss of 149.50
Idea: Once can buy Exide once 164 is broken on the upside for targets of 184-185 and stop loss of 155.
Basis: Rising trend line and assuming upcoming supply area gets broken then it can propel the stock higher.
(Above views are for educational purpose only. Pl consult your financial advisor before investing)
📌We will wait for our level, if reverse before level then we will try to enter on breakout coz we might miss reversal in that.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock...
TextOnly take position on above 1:5 RR ratio
Current Price : 149
Take position at : breakout the triangle setup 135
Max Target 120% ROI
Stop loss according your Psychology
Time period : 2 year