Exide Pakistan Ltd. Chart Analysis Current Trend: Moving within a channel Support Levels: 880 to 866 area Resistance Levels: 1020 to 988 area Stop Loss: 820 Long-Term Outlook: Forming a bullish flag pattern Visual Representation: | 1020 |------------------ Resistance | | | 988 |------------------ Resistance | | | | | 880 |------------------ Support | | | 866 |------------------ Support | | | 820 |------------------ Stop Loss
Summary: Support: The stock is finding support in the 880 to 866 area, indicating a strong buying interest at these levels. Resistance: The resistance zone is between 1020 and 988, where selling pressure might emerge. Stop Loss: Setting a stop loss at 820 helps manage risk in case the stock moves against the expected trend. Bullish Flag: In the long run, Exide Pakistan is forming a bullish flag pattern, which is typically a continuation pattern indicating potential upward movement after a period of consolidation.