Price formed a complete falling wedge pattern and it is getting ready to break. In the lower time frame in the last session a triangle pattern was formed and we can take this as an indication for breakout.
The Stock has given Head -N- Shoulder breakout. All oscillators are in positive bios. We can expect price movement till 215 in the near term.
Exideind has given multiple confirmations for upcoming downward movement. 1. Trendline Breakout 2. Resistance 3. Shooting star Candle 4. Retracement from 0.38 level.
EMA-50(blue) EMA-100(black) EMA-200(yellow) On breakout. 188-191 strong resistance zone. Today took 200EMA support, soon 50EMA will cross from below 100EMA , which indicates Buy signal. Fibonacci level- 189-190 to break. Can make inverted head and shoulder pattern.
Exide Industries is showing a RSI bullish divergence on 2 hr timeframe; it took support close to the TL and has bounced, may probably retrace again before showing bullish breakout. Can buy in dips from 187 till 179, SL 173 ( can vary according to risk appetite) for targets of 198, 208.
#EXIDEIND CMP 185.80 Target 220++ May Hold After Target Reached. If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free. NSE:EXIDEIND
EXIDEIND has given breakdown of supportive trendline, but it may turn into false breakdown and can again start moving upside. If it starts falling, it can be seen trading near its support zone soon. (for educational purpose only, do not invest without your own research)
Check the chart for proper levels and analysis.
Buy At Cmp 214.4 Add Some If Price Drops To 200-205 Strict SL - 187 (Day Closing Basis) Target - 245-250++++
A strong resistance zone has broken in EXIDEIND. Good for swing trade or a long-term investment. price may test at the bottom level based on the trend line. *only for educational purpose
Note: This is for educational purpose only and please do not trade in F&O. There seems to be a breakout with good volume on "weekly" time frame. The breakout has happened since September 2019. There seems to be a breakout on RSI as well. SL: 180₹
Exide Industries - Weekly Stock currently trading at multi year resistance, Crossing it will become support Weekly close and now trading above 200 EMA, huge accumulation clearly shown in volume at 160-170 levels one can buy only above 198 on closing basis for intermediate targets of 230-240. Note- Weekly chart should be considered for 3-6months time span
An ascending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT........... 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...
Raising pattern breakout. Positives- Q2 profit. Increase in stake.
SL - EXIT IF DAY'S CLOSE ABOVE 169
On daily chart MACD is about to make positive cross over & EMAs are also likely to do so. Watch it.