Stock is looking good with inverted Head and Shoulder pattern on weekly charts, Add for short to medium term target of 175-92 with stoploss of 148. Stock has good support around 155.
Stock has given neckline breakout from inverted Head and Shoulder pattern on daily charts, Add for 4180-4310 with stop below 3825.Long term investment is still not advisable.
Next Batch For Technical Analysis from 01-05-2024
https://x.com/TechguruArun/status/1656586782685949952
almost 1 year ago when the #stock was at 190 we told you to buy this #EXIDEIND (Check twitter link above) due to #bullish inverted head & Shoulder pattern #BREAKOUT .Now the stock has tested 381(100% returns) & looking poised for fresh #flag breakout. Stock has also given breakout on multiyear monthly chart. Add above 470, Have a look on monthly and daily chart
Next Batch For Technical Analysis from 01-05-2024
Stock is on our radar since long and recent call was given on Oct,30, 2023 when the stock was as 154. Have a look at the twitter post
https://x.com/TechguruArun/status/1718921914226520437
Now the stock is trading at 258 and has given neckline breakout from inverted Head and Shoulder pattern on daily charts, The pattern target looks 300 in short to medium term. A stop can be placed below 230 while major support exist at 245. Have a look at daily chart
Next Batch For Technical Analysis from 01-05-2024
