Hidden Divergences indicate the uptrend in price should continue. The price action candle pattern supports the hypothesis. So unless, its a super Bearish Market tomorrow, it should be a good trade! Go Long above 154.5 for 156, 157, 160 (if it sustains above 157.3 - 50 DMA) with SL at 153
Short EXIDEIND AUG FUT Target 150.5 SL 155.5
According to CPR concept we can see good movement on downside. Target would be 151/149/148. Invalid above 156
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor.
Analysis Methodology: 1. Trend Line 2. Support/Resistance or Supply/Demand Caution: Choose by self analysis and confirmation.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Go long or short on break of this pattern and close outside the trendline in 1hr for simple 3% target
EXIDEIND CASH 21.07.2020 LOOKS GOOD ABOVE 162.50 STOPLOSS 159 TGT 165.50/168.50/172 CMP 160.65
Check details in chart **Educational purpose only
CMP : 153.05 (Wait for Pull back upto 150 to 151) Target : 163 or trend line resistance whichever is met first SL : 146 Breakout with good volume RSI Divergence supporting the breakout
Trade should be executed after breakout!! NSE:EXIDEIND
Exide go long if sustains above resistance Analysis is only fir educational purpose