Channel breakout in Exide Industries

Stock has broken its previous major resistance with significant volume.

Also, we can observe a Inverted Head and shoulder breakout in hourly time frame. For further strong momentum in the stock, price has to close above 174 in daily chart.

Price between 165-170 is a good range to enter the trade. Stop loss can be placed at 149.

This is just a view, not recommendation to trade. Do your own analysis before taking any trade.

EXIDEIND
Bullish PatternschannelbreakexideindustriesHead and ShouldersinvertedheadandshouldersLONGParallel ChannelTrend Linesvolumespike

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