SL - EXIT IF DAY'S CLOSE ABOVE 169
On daily chart MACD is about to make positive cross over & EMAs are also likely to do so. Watch it.
Exide is consolidating after a decent upmove. It can give breakout soon.
a. Zone: Strong Bull b. Resistance 1: 169.30 c. Resistance 2: 176.30 d. Support 1: 155.20
PRICE HAS REACHED THE IMMEDIATE RESISTANCE, IF IT BREAKS, THERE IS GOOD CHANCE THAT THE BULLISH MOMENTUM WILL CONTINUE. BUT SINCE AUTO SECTOR IS WEAK SINCE THEIR WAS A HUGE MOMENTUM IN THE PAST COUPLE OF DAYS, MAYBE THE STOCK WILL HAVE A CORRECTION. BUT USE THAT TOO AS A BUYING OPPERTUNITY AS "BUY AT DIPS" IS THE STRATEGY WHICH SHOULD BE FOLLOWED NOW. IF YOU...
Refer chart for all important levels..
Rs 174 , could that be a double top near the long drawn falling trend-line resistance?
EXIDEIND - Bearish setup 4 hour chart analysis Harmonics Pattern Hope my Chart Helps !!!!
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Channel and Major Support in sight. Can short once they are broken. Note: Do your homework before taking a trade
Zones and directions mentioned in the chart.Will wait for Doji or reversal pattern this week
Zones and directions mentioned in the chart.Will wait for Doji or reversal pattern this week
TRADE FOR NEXT 1 FEW DAYS: SELL EXIDEIND (Exide Industries Ltd) BELOW 219.80