EXIDEIND Trend and Pattern Analysis -weekly(3rd sept 2022)

1)Exide moving in parallel channel form dec 2020

2) if it breaks on upside more like correction wave is completed and wave C of impulsive is kick off from that level

3)Currently it trading near the top of trend line
option 1:
if it breaks with huge momentum it has potential to move to level of 214
option 2 :
if it close below 156 in weekly TF more likely it will reverse from that level and can test 124 level of support Zone