As we can notice clearly that Exide Ltd. has changed character from bullish to Bearish.
The order flow of this stock is now bearish.
The price has retraced back to 70-80% Discount area as ascertained from Fibonacci tool and coupled with a strong order block which initiated the previous downfall leaving behind a huge impulse, it gives us further confirmation for the short side bias. Price has approached the order block and is facing resistance also from the trendline above (marked in yellow).
I will take the leg of the previous downfall and ascertain my next target as shown in the figure.
The order flow of this stock is now bearish.
The price has retraced back to 70-80% Discount area as ascertained from Fibonacci tool and coupled with a strong order block which initiated the previous downfall leaving behind a huge impulse, it gives us further confirmation for the short side bias. Price has approached the order block and is facing resistance also from the trendline above (marked in yellow).
I will take the leg of the previous downfall and ascertain my next target as shown in the figure.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.