ParamjitMahapatro

exide ind at support, reversal expected.

Long
NSE:EXIDEIND   EXIDE INDUSTRIES
in weekly, hammer formed at horizontal support

also hidden bullish divergence seen in weekly,
in daily, regular bullish divergence seen
sl - 193 tgt1 - 220, tgt2 - 250
Trade attivo:
exide moving up as expected, closed at 226.05.
Trade attivo:
BB is expanding in daily and candles are riding the upper BB
Trade attivo:
descending channel breakout in daily with good volume, now it is trying to retest the breakout level.
Trade attivo:
price still consolidating at the support zone.
Trade attivo:
after a long consolidation, exide ind showing strength, BB is expanding and candles are riding the upper BB,
Commento:
1st tgt of 220 achieved here
Trade attivo:
2nd target of 250, already achieved here, cheers...

cmp - 278.80, imp resistance at 250 got broken with good volume, currently it is in strong uptrend. follow up chart -
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