Exideindustries
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
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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.
Exide Industries, A Potential benefiter of EV push. Midcap The stock has B/O a historic resistance with good volumes and big bullish candle.
the stock may retest the B/O levels before the rally.
Place the stop loss according to your analysis and risk appetite.
Nifty Midcap 50 Index has been B/O from its resistance so is this stock.
The EV push and the capacity of Exide Industries will be an catalyst
the stock can be traded for a short term gains or for a long term holdings.
Will be good stock to hold and diversify the portfolio.
This is not a recommendation.
this is my view for the stock I and urge you all to do your own research and analysis before investing.
Note. Nifty has been in a bull rally since few weeks now and a small correction can be seen in coming days. A red candle bigger than previous one day / two days candle is the sign to sell and to save the capital. (applies to all short term positions of the trade) once the capital is saved we can take another trade at any time. Cutting the losses is the key.
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