Exide has formed with two powerful patterns ie., Bat and Butterfly. The level of 227.50-228.50 seems to be a sound exhaustion point for bears. We will sell this script in that zone.
CMP 219.75 | PRZ 227.50-228.50 | SL 230.50 | T1 225 | T2 223
Chart by @avyaktha on 10-04-2019
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EXIDEIND traded 5 times its average volumes and broken down the triangle pattern.
SELL at 253.4
I am not SEBI Registered technical analyst. Consult your Financial Adviser before investing
EXIDEIND has traded with more then twice the average quantity on NSE with change in OI close to 18%
This is currently trading above ichimoku with price crossing upper Bullinger band.
Signifies a BUY at 271.8 with Stop-loss of 265.7 and Target of 281.45