share name : exide industries
call type : positional or investment
- share is forming a double bottom pattern with
bullish divergence, morning star on c point
- expanding wedge on bigger time frame
- we can accumulate this share at this level and
wait for breakout above b point, then we can see targets of 284(bearish bat ) or 414 (bearish crab)
- stop loss...
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
This stock is weak now. But today it entered in the critical zone which was working as a resistance as well as support from long time.
Also on daily time frame it closed below 400DMA which is act as good support for any stock.
Better to avoid trading in this stock and wait for firm break of either side of level.
Levels are marked on the charts....