Bullish Flag patternThere is a bullish flag pattern. look out for a breakout candle tomorrow above the upper flag line. The stock must go up if it breaches the top line with a bullish candle.
view expressed is for educational purpose. Consult your financial advisor before taking any financial decision.
EXIDEIND trade ideas
Eg.2: Viewing Break of Market Structures as Broken Expectations Another example of how market structure breaks can be viewed from a perspective of broken expectations of either parties (buyers or sellers). If you were a buyer or seller, where would you be getting involved? Had you gotten involved, would your expectations have been met? If not, how violently were they broken?
Inverse Cup and Handle Pattern-EXIDE-ShortForming a perfect Inverse Cup and Handle Pattern with the support shown.
One can initiate shorts on this with T1 (Next week), T2 (by June end), and T3, July. The recent high of 200 is a good SL.
A put option can be a good way to enter in this.
This is from analysis and self-trading point of view. Traders/investors are advised to act on their accord/study.