Exide Industries Bullish Reversal with High Volume Breakout
The stock has successfully broken out from a descending trendline on the daily chart with strong volume, indicating renewed buying interest. It has also reclaimed the 100 EMA, signaling a potential trend reversal. The RSI is showing bullish momentum, and with increased volume, further upside towards 550-560 looks promising. Traders may watch for sustained momentum above 500 for a continuation of this bullish trend.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.