Inverse Head & Shoulder breakout on Monthly chart Considering the movement in the Auto sector and the major revolution going on in the EV industry, it is very likely that this stock can perform well in the next 6 months to 2 years.
1. the "Inverse Head & Shoulders" pattern has a clear breakout on the monthly charts.
2. The volumes are also increasing.
3. Target could be the all-time high price in a period of 6 months to 2 years.
Stop loss - below the current swing low on the monthly chart.
Disclaimer: This is for educational purposes only; kindly consult your financial advisor before investing.
-> Not a recommendation
Exideindustries
EXIDEIND - Ichimoku Bullish Breakout Stock Name - Exide Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 208
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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EXIDE INDUSTRIESshare name : exide industries
call type : positional or investment
- share is forming a double bottom pattern with
bullish divergence, morning star on c point
- expanding wedge on bigger time frame
- we can accumulate this share at this level and
wait for breakout above b point, then we can see targets of 284(bearish bat ) or 414 (bearish crab)
- stop loss is 150 for this script
thanks
EXIDE INDS - 42% RETURNS!!!BUY - EXIDE INDUSTRIES
CMP - Rs. 183
Target - 1: Rs. 212
Target - 2: Rs. 260
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Technical -
1) Double Bottom Pattern (before breakout).
2) Bullish Flag Breakout
3) Targets have been set using previous swing highs and Gann Fan.
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Fundamentals -
1) The automobile batteries manufacturer has bought 24.80 lakh equity shares in Ulric Renewables, at a price of Rs 80 per share, amounting to Rs 19.84 crore. With this investment, its shareholding in Ulric Renewables stands at 39.08%.
2) Strong annual EPS growth.
3) Growth in Quarterly net profit with increasing profit margin (YoY).
4) PE = 3.39 < SECTOR PE = 5.30
5) FII holding has risen by 1.33% in December 2022.
6) DII holding has risen by 1.7% QoQ.
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This opinion is for educational purposes. I am not SEBI registered and this is not an investment advice.
As with any trade, always look first, then leap.
Exide India should be benefited from BudgetTodays budget has given special provisions to battery companies. So I have a positive outlook for the same.
I am hoping to see a positive up move from here in Exide. It has taken support and given a confirmation candle as well.
From here Risk to Reward should be in our favor.
Please comment what else you will like to see in my post.
Exide Industries Ltd, is an Indian multinational storage batteryConsolidation is a phase when a stock or an index trades within a range. The trend is said to be sideways and may vary depending on the circumstance. Once this range is broken, it may lead to bigger moves, but until the range is intact, the movement cannot be clearly predicted.
EXIDEIND - Ichimoku Bullish Breakout Stock Name - Exide Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 188
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Exide industry to take long entryLong Exide industry between 178-180 for the target price of 202-215 with SL between Rs 165-170. Entry must be taken after the BO of a conflux area of 200 as well as 50 EMA levels. stock is expecting to take support 200 EMA level. seeming good volume with BO. This is for your educational purpose only.
EXIDEIND Swing Trade Idea#EXIDEIND Swing Trade Idea.
Exide gave good bullish momentum on Friday but unable to sustain above 177 level which was historical resistance for this stock. Many time it touched 177 and came down to lower level.
Wait for any 1 Hour candle to sustain above this level so that we can buy and target will be 185/199.
If you see any rejection from this level then you can short at 172 level for a target of 164/159/153.