EXIDE ready to give 10% upsideCUP formation in W and in the process of completion.
Taken MA supports.
RSI divergence indicating trend is gradually turning positive.
SL at 365 with target of 425.
Exidelongterm
Now the Battery is fully chargedA 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 momentum to continue.
One can look to create a fresh position in the scrip near Rs. 261-268 levels with the stoploss of Rs. 240.90 on weekly closing basis. The 1st target will be 285.10 , 2nd target will be 300.10, 3rd target will be 316.20, 4th target will be 335.65 and fifth target will be 348.55.
This study is for educational purpose only.
