TradeRyteStockz

EXIDEIND - #intraday Chart Analysis || 12th May,2023 #stocks

TradeRyteStockz Updated   
NSE:EXIDEIND   EXIDE INDUSTRIES
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 12th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups

Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it

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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED

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Trade closed manually:
EXIDE INDUSTRIES (3min TF)
- Intraday Entry Given on 12th May (Friday)

Entered Long at 10:00am
✓ Achieved 0.45%
✓ R:R = 1:2

✓ Waited for the market to settle till 10am
✓ Strong hammer candle was formed at the support drawn (9:20am candle)
✓ Please note: I could have entered on the trendline retest candle (9:20 candle), but I waited till the market settled to give a clear direction
✓ Placed the entry order after the pullback candle and the small stop loss candle gave a clear direction
✓ After the 10:45 am longwick hammer candle, it went into a clear consolidation zone for too long. Hence I brought down my target to the first immediate resistance (liquidity zone)

#stocks #intraday #targetshit #priceaction #followthetrend

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