Exideindustries
EXIDEIND - AT RESISTANCE (MAY BREAK)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 recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Exide Industries Re-entering its upward trendline - BULLISH VIEWExide Industries Limited is an Indian storage battery producing company. It is the largest manufacturer of automotive and industrial lead-acid batteries in India and the fourth-largest in the world. The fundamentals of the company are great. As per technical analysis, it has been in a primary upward move since march lows and after the recent downfall, it has again re-entered into its primary upward trendline and is supported by MACD and ADX positive signals, one can have a bullish view on it.