A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:EXIDEIND
Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the NSE:EXIDEIND
MACD gave Positive crossover on Daily chart and Monthly chart and weekly chart, it is moving towards the positive territory. So, expecting the...
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
Broken the trendline to go up. Auto sector bullish also helping here gain higher highs.
Entry: Wait for a small pullback/retest
t1: 185
t2: 204
t3: 219
SL: 170
NSE:EXIDEIND
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....
