Short term long position on ExideInd
Updated
1. Showing strong signs of a possible uptrend
2. The current small term bearishness can be attributed to a pullback of a larger uptrend
3. Technicals - Positive crossover of 100 and 200 Moving averages
4. fundamentals - The revenues of the company have been improving from past three quarters and can possibly show better results on 31 jan
5. Budget - The push towards EV and possible budget allocations to this sector may support Exide industries Directly and indirectly.
6. my idea for long is for a short trade. you can hold or sell after that based on your analysis
*** I would love to hear all types of comment and If you find me wrong I would love to know that too with reasons
2. The current small term bearishness can be attributed to a pullback of a larger uptrend
3. Technicals - Positive crossover of 100 and 200 Moving averages
4. fundamentals - The revenues of the company have been improving from past three quarters and can possibly show better results on 31 jan
5. Budget - The push towards EV and possible budget allocations to this sector may support Exide industries Directly and indirectly.
6. my idea for long is for a short trade. you can hold or sell after that based on your analysis
*** I would love to hear all types of comment and If you find me wrong I would love to know that too with reasons
Note
- Squeeze the Indicators to get a clear view I forgot to remove them.
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