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ParamjitMahapatro
2017年9月2日下午12點44分

exide ind at support, reversal expected. 看多

EXIDE INDUSTRIESNSE

描述

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

交易進行

exide moving up as expected, closed at 226.05.

交易進行

BB is expanding in daily and candles are riding the upper BB

交易進行

descending channel breakout in daily with good volume, now it is trying to retest the breakout level.

交易進行

price still consolidating at the support zone.

交易進行

after a long consolidation, exide ind showing strength, BB is expanding and candles are riding the upper BB,

評論

1st tgt of 220 achieved here

交易進行

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 -
評論
turtlemove
great !
Madhavrox
Is it 1 day chart?
ParamjitMahapatro
@Madhavrox, price showing strength in daily timeframe, and horizontal support zone shown in weekly time frame.
vikranth.kottur
Hi Paramjit !!

Nice Analysis...
You had not mentioned when should one enter or take the position in this scrip...??

My suggestion here is...
one should wait for 3 to 5 trading days/candles to get conformation of reversal trend...
Last candle must be green & shd close above 213 & next day opening should be above that (213).... increasing volume
ParamjitMahapatro
@vikranth.kottur, thanks for sharing your strategy here, I agree on this.
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