Exide ind is holding the support at 175. Trend is up. Stop 174.
We are able to see a breakout for 196 target in the short term.
Exide industries breakout done with big volume retest done now heading towards great target of 280 within 30-40 trading sessions hope u liked it :-)
Explanation A - 211.5 B - 170.55 C - 199 D - ??? AB = CD 211.5-170.55 = 40.95 199-40.95 = 158.05 Our 1st Price Reversal Zone (PRZ) 158.75 which is our 2nd Price Reversal Zone is 1.41 fibo level of B To C. SL is below 1.618 fibo level of B To C. Target calculated by C To D fibo levels.
One can accumulate EXIDE at this price for short to medium term investment.
EXIDEIND - Strong upmove after 170 seen if another session seen with buying
NSE: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....
EXIDE may reverse from here. (for educational purpose only)
Looks it has taken the support and we will see upward jouney in few trading days. Buy @ Current Market Price. Target 1- 204 Target 2 -219 This is for Education Purpose.
Exide Ind - Cmp 192.80 Looks good for long for initial targets of 200/209/2015 with sl 180 on closing basis. Reason: 1. Breakout from inverted HnS pattern with good volume.
Daily and weekly MACD Crossover, Daily CCI indicating positive these may help to reach the target. Vijayaraghavan.K, Kovilpatti,Tuticorin
On breakout, go long RSI at levels of 62 Target - 209, 216
NSE:EXIDEIND Buy Limit 181.40/-
EXIDE upper parabola pattern reverse cup and handle pattern
Exide Industries Ltd. engages in the manufacture of storage batteries. It operates through the Storage Batteries and Allied Products segment. * Stock Analysis * -- Short-term trend of the stock is positive where it is trading above its 20-day SMA -- Huge scope for Storage Batteries due to adoption of Electric Vehicle in the near future. Best time to invest! --...
Exide in short term down trend Can go short around CMP 181 with SL at 188 Overall view is that this stock trading within a triangle as per chart. Major Support is at 170 and major resistance at 195. Do your own analysis before investing.