EXIDE INDUSTRIES NSE:EXIDEIND : Time Frame(TF) : Weekly , wait for the price to come @ 180 and then buy on 200 MA Support level .
Reason to buy : 1. Took a retest on fib retracement level of 23%
2. Supply level strong 200rs level , major confirmation after that .
3. Major battery companies showing momentum after a long time
4. Trend line Break and retest
5. EMA above 50 level .
Buy @180-185
SL @157 -160
Tgt1@200
Tgt2@235
Tgt3@275
Reason to buy : 1. Took a retest on fib retracement level of 23%
2. Supply level strong 200rs level , major confirmation after that .
3. Major battery companies showing momentum after a long time
4. Trend line Break and retest
5. EMA above 50 level .
Buy @180-185
SL @157 -160
Tgt1@200
Tgt2@235
Tgt3@275
Trade active:
PERFECT BUYING Range , can absolutely enter here . SL to be changed now to 165 around Level .
Comment:
Entry activated