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.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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