LEVELS ARE SHARED IN THE CHART Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. always follow risk-reward and quantity...
On daily chart MACD is about to make positive cross over & EMAs are also likely to do so. Watch it.
Exide industries is breaking down further from here. 162 is a strong resistance. Breaking from here could lead to a fall of upto 152. Trigger shorts @ 161. Target@ 152. SL@165
Exide industries will break down from here. It is piercing through the 50 DMA downwards. Initiate shorts @ 162. Target@153 and SL@166.
Exide is consolidating after a decent upmove. It can give breakout soon.
Bullish Hammer on 2 Hr Chart. Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I AM not your financial advisors. Risk it for the biscuit.
Refer chart for all important levels..
Stricly for educational purpose and not a recomendation Reasons: 1: trend of the stock is bullish with technical indicator support 2: direction of 200 ema 3: major trend line resistance at 174.25 4: less than 1.5 % gap btween 200 ema timef rame lines and it is converging (green lines on my chart) do your analysis and add to your watchlist. Thank you. If you like...
Failed to break the resistance and formed bearish engulfing.
Exide made a high of 175 in previous session which is swing high as well. Looking at the momentum and volume, a breakout may come. Breaking 175-176 will bring target of 182, 193.
Rs 174 , could that be a double top near the long drawn falling trend-line resistance?
As indicated on the chart, the price has sharply reversed from the current levels down to the support line. I am expecting the price to do the same this time around and reverse to the lower level. Strategy: Observe for price action at the open and go short at the highest point. The trade will fail if the previous high is broken, hence that will be the stop...
EXIDEIND - Bearish setup 4 hour chart analysis Harmonics Pattern Hope my Chart Helps !!!!
Date: 18 July 2020 Exide Industries (CMP 159.80) Double Bottom and Flag pattern can be seen in the chart. Price trading well above 20 DEMA and 50 DEMA. Target 170. If 170 is achieved then next target will revised at 180. T1- 163, T2-166, T3-170; SL-155 PCR = 0.41; Max OI at 160 CE (12.31 Lacs), 165 CE (7.02 Lacs) and 170 CE (7.07 Lacs).
Hidden Divergences indicate the uptrend in price should continue. The price action candle pattern supports the hypothesis. So unless, its a super Bearish Market tomorrow, it should be a good trade! Go Long above 154.5 for 156, 157, 160 (if it sustains above 157.3 - 50 DMA) with SL at 153