Exide Industries chart analysis for intraday and swing trading
EXIDE IND - Head & Shoulder in formation
Daily and weekly MACD Crossover, Daily CCI indicating positive these may help to reach the target. Vijayaraghavan.K, Kovilpatti,Tuticorin
On breakout, go long RSI at levels of 62 Target - 209, 216
Buy zone 165-170 Target 200 View negated below 158 daily close Thanks Jigar Pateel 8898030401
EXIDE upper parabola pattern reverse cup and handle pattern
Exide Industries Ltd. engages in the manufacture of storage batteries. It operates through the Storage Batteries and Allied Products segment. * Stock Analysis * -- Short-term trend of the stock is positive where it is trading above its 20-day SMA -- Huge scope for Storage Batteries due to adoption of Electric Vehicle in the near future. Best time to invest! --...
NSE:EXIDEIND Keep Trailing stop loss and enjoy the profit SL 175
DATE: 17/06/2021. EXIDE INDUSTRIES BREAKS TRIANGULAR PATTER IN 1 HOUR CHAT AND AT RESISTANCE IN 1D CHART . SO ITS FOR GO SHORT. BOTH 1HOUR AND1D CHARTS SHOWS BEARISH MOMENTUM
Exide industries is following a short term trend line. Indicators are positive. Stock Reversed from the support of 177. Bullish move can be seen in coming days. Be cautious of the trend line break in opposite direction. First Target will be 210.
Long Idea - Target 198. Setup - ABCD pattern Entry - 185-186 Stop - 169.5 Price Target - 198 range This is not a high momentum stock and is investment grade. Even if the stoploss is hit and prices crash, the stock is a great buy around 120 levels. Disclaimer: Please trade and invest at your own risk.
Exide Industries has given a resistance breakout today at around 194.5- 195 levels and has successfully closed above the resistance at 196 levels. The breakout has come after 10 days of range bound price movement,hence a rally can be expected towards the next resistance point which is at 209-210 levels.
All the levels are mentioned on the chart. DISC: For educational purposes only.
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#EXIDEIND After forming an inverted Head and shoulders pattern, Exide India has broken the zone and now re-tested the zone. It is now looking to touch 200 and we may see greater levels. Educational purpose only - trade at your own risk. Good luck.
Chart is in a inverse head and shoulders pattern With a breakout if it sustains above the horizontal level we can see further upside Only for educational purposes and not recommended for a trade.