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.
Exide industriesExide industries has given Inverted Head and Shoulder Pattern Neckline Breakout
Looking Bullish
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
Key Levels are Mentioned on chart
Macd in daily positive and Uptick and also above zero line
Macd in hourly positive and Uptick and also above zero line
Upper Bollinger Challenged by PRICE
Rsi in hourly above 60
Adx and DMI Positive