NSE:EXIDEIND Price ne 1 diagonal head & shoulder banaya hai. jo an monthly head & shoulder complete karna ja rha hai. target = 128 itne bade time frame ka DZ hai to exit lene ke bahut mauke milenge.
Highly improbable. From a fundamental point of view, Exide Industries will be one of the leading manufacturers of Lithium ion batteries. By next quarter, the EPS and profits will definitely increase. From technical point of view. the beginning point of two shoulders (demand zone) is not the same. The left shoulder begins below the demand zone. In addition, this is not a H&S pattern. There is strong support in the 150-165 region. The stock will bounce back from here. Let's see what happens..I am going Long on this stock even for long term from the current price levels. Short term target will be 200, Mid term target - 240.
StopLoss_trader
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@tksthathachari, no bro. price ne bhut bada correction dekar aa rha hai. jo ek aache DZ se hi wapas jayega. or wo aache DZ weely or monthly DZ hain. agar hum B2W bhi mark kare to 123 se129 ki range aa rhi hai jo mothly ki 200EMA ke pass aa rhi hai. or is price par ek baar spring bhi aayega to 110 tak ke stoploss bhi hunt karke bounce de sakta hai. meri reasearch to yahi kahti hai. mai aapko galat nahi kah rha hu.
tksthathachari
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@StopLoss_trader, -haan mein aapki baat samajh rha hoon aur aapko mein galat nahi samajh rha hoon..It is a healthy discussion...Market mein kuch bhi ho sakta hai..
StopLoss_trader
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@tksthathachari, SRF check karo 8615 par buy kia ja sakta hai reaccumulation ho rha hai or sath mai jublfood or sunpharma mai bhi ho rha hai.
I am a novice and took up a swing trade in exide at 183 expecting it to go upwards to 200 due to trendline from 135 to 180, but clearly exide has broken down the trendline in past week
Although I am bullish over long term in exide, will it be better for me to exit at 166 and book loss and retake position at 150 - 140 level and continue my swing trade
or
Should i continue holding shares which i brought at 183 and do averaging at 150 level and add few more ?
Any suggestion/idea will be very helpful to me to learn more
Thanks
tksthathachari
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@T_V_, Hi. You should have exited when your SL was hit. You can Whatsapp me @7653075928 for suggestions. I hope I can help you out. Thank you.
@T_V_, price apne all time high se 50% se bhi jyada corect ho chuka hai. aise mai price bina accumulation ke up nahi jayega. price ek dum se up nahi jayega. aaram se wait karo or trend ke change hone ka wait karo. accumulation hone do tab buy karna. waise bhi abhi auto sector down chal rha hai. issey aacha tata power mai entry le lo.