Search in ideas for "Exide"
REVERSE HEAD & SHOULDERS BREAKOUT.GET LONG.EXIDE INDUSTRIES GAVE BREAKOUT OF REVERSE HEAD AND SHOULDERS PATTERN ABOVE 186.45 IN TODAY'S TRADING SESSION.
BUY @ CMP OF 187.35
SL @ 181.45 CLOSING
TGT @ 200.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
EXIDE VIEWChart is Showing a very big Probable HEAD and SHOULDER formation @Monthly chart with Neckline @121.
So this makes, Support of 168 very crucial due to the Probable Cup and Handle Formation whose B.O. can nullify the H&S pattern Formation probability after monthly closing above 206.
TILL THEN BE VERY CAUTIOUS!!!!!
For the probable CUP and HANDLE formation visit the connected link