Exide Industries Limited
Largo
Actualizado

EXIDE getting ready for next swing?

135
Retested 245 again and there is buying pressure. The market has been sideways for quite some time and open interest suggest there is a negative bias. If price goes up and then retraces to 253 (cloud periphery) it could be good entry point with stop at 245.
Nota
Attached is the analysis as on date -
imagen

Monthly is bullish (marked M), weekly is bullish (marked W), daily just broke the downward trend. We need to wait for a complete swing to finish so that daily has a trend before a buy can be thought out. It is too early for a buy at this point. As soon as new swing low is in place OI statistics will also be in the favor. After a buy can be thought out.

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