I've observed nicely formed Head & Sholder Reversal pattern. It has given good breakout and retesting the Neckline from above which offers a good opporutunity to go long with the following details
Risk/Reward Ratio above 3.14
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
at double/triple tops/bottoms, if the consequent points are making with ascending/descending MACD/RSI/Volumes...
that relation shows if sth is cokking
it shows if the stock is gaining momentum or is looking weak
(i call this bottom fishing) well pros look for a confirmation i guess.. but this is chart reading- no calls
chart is self explanatory
EXIDEIND can show a upmove from here. We will wait for a Decisive close above EMA20 & EMA200. For risk takers , they can enter after Bullish engulfing or Hammer candlestick pattern and place a stop at the low of range
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