EXIDEIND Trend and Pattern Analysis -weekly(3rd sept 2022)
1)Exide moving in parallel channel form dec 2020
2) if it breaks on upside more like correction wave is completed and wave C of impulsive is kick off from that level
3)Currently it trading near the top of trend line
option 1:
if it breaks with huge momentum it has potential to move to level of 214
option 2 :
if it close below 156 in weekly TF more likely it will reverse from that level and can test 124 level of support Zone
2) if it breaks on upside more like correction wave is completed and wave C of impulsive is kick off from that level
3)Currently it trading near the top of trend line
option 1:
if it breaks with huge momentum it has potential to move to level of 214
option 2 :
if it close below 156 in weekly TF more likely it will reverse from that level and can test 124 level of support Zone
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