EXIDE INDUSTRIES Stock is testing the trendline and forming Hammer candle...we can go LONG (BUY) now... for extra confirmation wait for triangle breakout.
Exide Industries
1. Weekly Chart
2. Trading at the historical (but risky) base (Neckline of HNS.
3. Holding the base with a Pin Bar on a weekly Chart
4. Risky but highly rewarding (55-70)% upside potential
5. R:R 1:8 (Minimum)
Exideind CMP 156.9
Seems like bottom is done...
as well as trend turned green
As long as we hold 153
my upside tgt would be 170/182+ levels
Chart is for study purpose only!!
NSE:EXIDEIND
📌We will wait for our level, if reverse before level then we will try to enter on breakout coz we might miss reversal in that.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock...
TextOnly take position on above 1:5 RR ratio
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Current Price : 149
Take position at : breakout the triangle setup 135
Max Target 120% ROI
Stop loss according your Psychology
RRR 1:11
Time period : 2 year
1. Showing strong signs of a possible uptrend
2. The current small term bearishness can be attributed to a pullback of a larger uptrend
3. Technicals - Positive crossover of 100 and 200 Moving averages
4. fundamentals - The revenues of the company have been improving from past three quarters and can possibly show better results on 31 jan
5. Budget - The push...
Broken the trendline to go up. Auto sector bullish also helping here gain higher highs.
Entry: Wait for a small pullback/retest
t1: 185
t2: 204
t3: 219
SL: 170
Hi everyone, Exide industries short term swing trade consider buy above: 170, target: 188, stoploss: 164.
LOGIC BEHIND TRADE: Stock formed W & double bottom pattern and given breakout of it`s resistance, buying on pull back with small stoploss makes good RR (targets identified from xabcd pattern level 1.131) stoploss is previous swing low above 173 stoploss will...
Exide is forming a triangle on the weekly pattern. support seems to be very strong on 170s. on breakout, we can expect 70% profit booking from the current level. however, still more time to accumulate.
I hope you can now see how ExideIND represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
