Exide industries has given Inverted Head and Shoulder Pattern Neckline Breakout
One can go Long with Stop loss of 184.70
All the key levels are mentioned in chart with Stop-loss and Targets
Inverted Head and Shoulder Pattern Neckline Breakout
Intensity of Volume at Breakout is Good enough...
This analysis is purely based on price action & chart patterns
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself.
Entry to be made only when reversal sign appears. Don't chase the stock
Keep trailing SL accordingly once in trade
Trade at your own risk and money...
This study is purely based on Price Action and Chart Patterns.
Reasons/Logics for going long is explained in image itself.
Trade strategy -
For Risk Taking Traders - Entry point would be above the high of next green candle or above 170 level - (ENTRY-1). SL is marked below the double bottom for Entry-1
For Risk Averse Traders - Entry point would be on...
#EXIDEIND form the Head&Shoulder reversal pattern on 15 min chart. Level 160 is very strong resistance. If level 157.90 will break then stock can see pullback on level 156.65 and if face resistance from 157.90 then bottom target will be 153 while support on 152.35
Support : 156.65 and 153
Exide looks like it completed a running flat - a sideways move, after the initial upmove. I expect an upmove next, in the same direction of the first move. I see a low risk , high reward setup here. The initial upside target could be the "b" point of the flat and there is a good chance it can continue moving up after the initial target. Its a classic continuation...
Hello friends, Price is becoming narrow in lower value expected to move toward gravity price within days.
you can take Short entry in Exide Industries !!
If you want long term analysis then you can check the link below price is moving according to our level thanks!
Hello friends its weekly chart of Exide Industries
Those who are like to buy a cheap share for their portfolio can look toward Exide industries, Buy Exide life between 130-140 with stop loss 112
for toward 171-190-220
After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up.
As per Elliott Waves , there is completion of Regular...