Please comment your view. target 180 in two weeks.
#EXIDE Bounced from the very strong support zone and Also a falling wedge created. Risky one can take trade now and safer one can wait till Breakout of wedge.
I hope you can now see how ExideIND represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
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/-