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.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。