Excitement in Exide Industry | Volumes Supporting BreakoutHello Traders and Investor,
We have seen bullish flag kind of pattern in Exide industry, now it has given breakout of previous all time high, and volumes supports this breakout, there is higher probability we can see this trending momentum continuation few more days. Price is above 200-EMA, and earlier we have seen 21-EMA has given crossover of 50-EMA. MACD also has given bullish crossover, All these parameters suggesting a upmove in this Battery Stock. So if any body wants to go long can go with given levels, and let me tell you guy's this is really good fundamentally and technically strong stock with good management and it has really bright future as EV theme. So accumulate accordingly, for trading related levels are already there, for long term just accumulate more if you see dip in stock or do SIP.
About Company:- Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. The company manufactures batteries for automotive sector like 2 wheeler, 4 wheeler, 3 wheeler, E-rickshaws and H-UPS. It manufactures batteries from 2.5 Ah for 2-wheelers to 260 Ah for Non vehicular. It also manufactures for industrial use from 7 Ah to 3200 Ah for multiple applications and for submarine uses too.
Market Cap
₹ 23,894 Cr.
Current Price
₹ 281
High / Low
₹ 282 / 170
Stock P/E
27.5
Book Value
₹ 147
Dividend Yield
0.71 %
ROCE
10.2 %
ROE
7.28 %
Face Value
₹ 1.00
Debt
₹ 743 Cr.
EPS
₹ 10.2
PEG Ratio
14.7
Promoter holding
46.0 %
Intrinsic Value
₹ 249
Pledged percentage
0.00 %
EVEBITDA
13.4
Change in Prom Hold
0.00 %
Profit Var 5Yrs
1.87 %
Sales growth 5Years
3.32 %
Return over 5years
2.67 %
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou
Battery
Amaraja Batteries - Cup and Handle Cup and Handle in Making
Breakout above 710 on daily time frame
Supply zone : 800 - 1000
Support Zone : 590-610
EXIDE INDUSTRIES BUY 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
EXIDE INDUSTRIESshare name : exide industries
call type : positional or investment
- share is forming a double bottom pattern with
bullish divergence, morning star on c point
- expanding wedge on bigger time frame
- we can accumulate this share at this level and
wait for breakout above b point, then we can see targets of 284(bearish bat ) or 414 (bearish crab)
- stop loss is 150 for this script
thanks
💎 BATUSDT : 389.27% Profit Potential in Next 6 Months💣💣💣💣last 2-3 weeks we seen huge buying in BAT coin, in upcoming months its to going pump very hard.
entry and targets are given on the chart. Treat this idea as long-term investment
please Like and comment if there are any queries.
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Live Challenging Market Analysis Buy AMARAJABAT @ 808.50Live Challenging Market Analysis Buy AMARAJABAT @ 808.50
Target @ 909.35
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Forex Tamil
Simple Trade Setup | EXIDE IND| 04-08-2021NSE:EXIDEIND
This stock is weak now. But today it entered in the critical zone which was working as a resistance as well as support from long time.
Also on daily time frame it closed below 400DMA which is act as good support for any stock.
Better to avoid trading in this stock and wait for firm break of either side of level.
Levels are marked on the charts.
Do comment your doubt or suggestion.
My personal view is to avoid trading in this stock.
Trend reversal breakout & retest!Long term bear trend line broken and retesting the trend line.. Waiting for trend reversal in LTF.. Expected reversal in 0.5 Fibonacci levels..
Will add for long term in my portfolio..
Chart is just for learning purpose, not a recommendation for buy or sell..
A different take on Zomato's IPO and its impact on cosIf Zomato's business grows, there's a chance they will require motorcycles. Hero and Bajaj are two leading two-wheeler makers. They also have stakes in EV companies. Another level of looking at it is to look at battery stocks which might also be an interesting proposition. What do you feel?
Two way short term planLevels well allocated on the chart.... I am Bearish on this because it is trading below 50 MA next support will ideally come at around 200 MA viz ₹260-262 (waiting for the confirmation) NOTE-The above setup is for entertainment purpose and does not guarantee any success. Pls do your own research
AMARARAJA BATTERY trading levels for the daywatch it for short term and intraday
levels mentioned in the chart
Also u can go with a short entry ,with the target of 1000+
period 1-2 months
study then invest.
AMARARAJA BATTERY BTST+SHORT TERMrisky btst+short term entry
enter@890 range
trgt 907-913++
short term 940-967+
study
little risky
I am expecting a good bouncing from the current level that's why i sharing...but remember one thing market in a selling mood...so try only if u are confident..
thanku
ike - comment - support
AMARAJABAT Important Chart Pattern.An Inverted Head and Shoulders has formed in the stock chart in the small time frame.
Recently there has also been a slight increase in volume.
AMARAJABAT Short Formed a head and shoulders pattern right on 200 days moving average.
Broken the neckline.
Approaching the neckline again for a retest.
After retest, it can give a big downside or upside.
Downside target 1 - 929
Downside target 2 - 905
If after retest buying starts and the stock moves up, then it can give
Upside target 1 - 963
Upside target 2 - 970
* For educational purpose only *
AMARAJABAT LONG...Above 965
SL Closing below 875
Target 980-989-999
Above all important moving average
taking continues support from 50 SMA
good volume in last session
waiting for BO candle with volume
in SAME trade SL got hit due to downside spike
Amarajabat long....Above 965
SL Closing below 50 SMA
Target 980-989-999
Above all important moving average
taking continues support from 50 SMA
good volume in last session
waiting for BO candle with volume
Bullish Govt announces for opening of 69k charging point might hit market of electric vehicles and battery companies tommorw.as uk also going to adapt fully electric vehicles by 2030 so it would b very good time to invest in eletric vehicles and battery companies.tesla might enter in Indian markets .best time to invest