Hello traders
Exide looking good on charts above 178 only if sustain keep an eye on it
Will mention target stoplosa once trade is active
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( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
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Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
In 1 day stock is nearby its lower trendline, Currently took support from 50Daily EMA as shown on 1st chart. Also got some demand from the Demand zone. Breakout with high volume.
In 2Hrs timeframe it has completed 38.20% retracement and also supported by 200 ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY...
A strong resistance zone has broken in EXIDEIND. Good for swing trade or a long-term investment.
price may test at the bottom level based on the trend line.
*only for educational purpose
Note: This is for educational purpose only and please do not trade in F&O.
There seems to be a breakout with good volume on "weekly" time frame. The breakout has happened since September 2019. There seems to be a breakout on RSI as well.
SL: 180₹
Price 193 holds a strong resistance for Exide , if it breaches it in the opening and sustains then we can expect upper levels.
Look for buying opportunity at buyzone 1.
Exide industries i showing signs of a breakout on short term chart.
Keep on radar and take a call after confirmation candle.
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NSE:EXIDEIND
