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exide ind near 200maNote:
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Exide Ready to FlyTREND ANALYSIS
Trade Setup
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
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RR= 5-8 times
Will Update the 2nd Entry if it comes .
EXIDEIND Trend and Pattern Analysis -weekly(3rd sept 2022)1)Exide moving in parallel channel form dec 2020
2) if it breaks on upside more like correction wave is completed and wave C of impulsive is kick off from that level
3)Currently it trading near the top of trend line
option 1:
if it breaks with huge momentum it has potential to move to level of 214
option 2 :
if it close below 156 in weekly TF more likely it will reverse from that level and can test 124 level of support Zone