EXIDE Industries channelEXIDEIND parallel channel setup.
This setup can be used in addition to your analysis.
Short below 197
Exide
Invest in Exide Industries Invest in Exide industries and add on dips for the Long term.
As India is considering the move towards Electric Vehicles, this company will grow healthily.
EXIDEIND retesting resistance zoneEXIDEIND price action retesting the resistance zone near 205. made cup and handle breakout at 205. go long for target of 240 keep stop loss below 190. from last three week stock is holding 193 has strong support zone.
Long ExideBroken channel may go to 226 and 232 levels after retracement as in charts . Buy when it retrace at 213
Exide Giving a Breakout of Desecnding Triangle & Fibanacci LevelExide taking a Gud Support at 220 levels which is approx 61.8% retracement of upmove.
Breakout of Descending trangle,closing above 227.8 levels, GO long Tgt 240/250.
Exide Industries to go further up to target 218Exide Industries has been trading in uptrend channel and it closed today touching the support,we may see the stock to go further up the target of 218 in near term
Exid Industried. Big Candle Daily graphExide industries formed Big Candle on daily graph. we can trade this set up my three way.
Trade1:Buy with SL of 166 Target 180( BIG Candle high)
Trade2:Buy above 180 closing basis Target 192
Trade3: Sell below 168 closing basis Target 157
Exide Industries touching channel resistance go shortExide Industries has been trading in bearish channel in my previous analysis I advised to go long up the channel resistance which it has almost touched, now it is trading at the edge of channel resistance and may reverse from here, traders may enter short somewhere between 178-179 with a target of around 162-160 which is strong support also 50% fibo level. it is advisable to watch breakout upward if breakout occurs exit with small stop loss.
Exide Industries is on the edge of long term trendExide Industries after a long term journey seems coming to an end, it recovered after touching its first support giving trader a better opportunity to enter this stock short. if formed a shooting star candle stick signal, traders. if market open gap up then it may trade further upside with a target up to 205.00 or alternatively if open in red it will head in down trend with a target of first support in near term it may target second support 162-161.
Exide Industries is on the edge Exide Industries after a long up trend journey seems coming to an end. it retested level before breakout, today. it recovered after hitting 173, giving traders a better opportunity to enter short at better price, traders may go short in this stock at CMP, it has formed shooting star candle stick signal also. Before entry look for open,if open gap up then go long with a target of 210.00 if open in red it will head further down trend.
Exide Charging Ahead-Technical CallNSE:EXIDEIND
Exide industries is in Multiple-time frame Bullish trend and is breaking out of a flag after consolidation. MACD divergence indicates bears losing power. One can expect sudden and swift movements from this script.
Profit target: 220
Stoploss: 184
Warning: 26th October is Result date for Exide. Trade with caution and stoploss.
EXIDE: BREAKOUT + ELLIOTT WAVES ANALYSIS In the above chart, I have indicated a Breakout from a rectangular consolidation and simultaneously Eliottt Waves action in order to showcase the importance of both in Technical Analysis.
After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up.
As per Elliott Waves , there is completion of Regular Flat corrections (ABC) and now the price action is in a Wave 3 of impulsive move.
Target 1: 192
Stoploss 179
Exide looks excited with Positive Breakout from ConsolidationAfter few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up.
As per Elliott Waves, there is completion of Regular Flat corrections (ABC) and now the price action is in a Wave 3 of impulsive move.
Target 1: 192
Stoploss 179
