Everything on chart is self explanatory
Long call given on 10th July-- partial target is achieved. One should be contented even if 50 percent of the target is achieved.
Exide Industries : Looking super strong on chart .
Buy at 271. Target 285+. SL 268. Breakout stock in strong uptrend, consolidation seems to be over.
Exide Industries CMP 261 Target 310 plus Stop 240 Weekly chart 1) Cup pattern breakout with good volumes. 2) RS upward sloping and above MAs.
Wave Analysis : Long Term View : Exide Industries : 4th Wave : C Wave Looking at chart looks like price in 4th wave completed b wave and c wave is going on which can be expected till 180-190 area. After completing wave c we can last rise in the price around 324 - 350 max which very extended 5th waves and then sharp decline can been seen in the price in the...
EXIDE: BUY range 226 - 228 ; TGT: 245; with SL< 224
Short it one rise with stop at 207...
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...
Double Top with bearish divergence indicates a strong weakness in this and I believe shorting it at current levels will be a wise thing to do. Handsome Risk Reward.
Note : Market opened down, so your risk will be decreasing. Look for better risk-reward ratio and enter the trade Market is continously in bullish trend We are entering in pullback RSI in oversold region