NSE:EXIDEIND Reason Being: 1. Formation of Triangle pattern and Upper Breakout with Volume Confirmation The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend. Every Price Action Pattern after breakout provides some Target Range and according to Triangle: Target...
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TREND ANALYSIS & TRADE SETUP 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/short. R:R is 5 to 10 times.
TREND ANALYSIS & TRADE SETUP 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/short. R:R is 2 to 5 times.
TREND ANALYSIS TRADE SETUP 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
Exide @212-215 for target of 240 with SL 201 for two weeks. For Education purpose only.
Buy Exide on dips around 200-205 for target of 227 with SL at 193.
TRADE FOR NEXT 1 FEW DAYS: SELL EXIDEIND (Exide Industries Ltd) BELOW 219.80