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Exide Industries touching channel resistance go shortExide Industries has been trading in bearish channel in my previous analysis I advised to go long up the channel resistance which it has almost touched, now it is trading at the edge of channel resistance and may reverse from here, traders may enter short somewhere between 178-179 with a target of around 162-160 which is strong support also 50% fibo level. it is advisable to watch breakout upward if breakout occurs exit with small stop loss.
Exide Industries is on the edge of long term trendExide Industries after a long term journey seems coming to an end, it recovered after touching its first support giving trader a better opportunity to enter this stock short. if formed a shooting star candle stick signal, traders. if market open gap up then it may trade further upside with a target up to 205.00 or alternatively if open in red it will head in down trend with a target of first support in near term it may target second support 162-161.
Exide Industries is on the edge Exide Industries after a long up trend journey seems coming to an end. it retested level before breakout, today. it recovered after hitting 173, giving traders a better opportunity to enter short at better price, traders may go short in this stock at CMP, it has formed shooting star candle stick signal also. Before entry look for open,if open gap up then go long with a target of 210.00 if open in red it will head further down trend.
EXIDEINDEXIDEIND:- Stock has given breakout after 6 years, volumes are also good
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Thanks,
Ajay.
keep learning and keep earning.
Exide Industries Trendline BreakoutExide Industries look bullish for the next 5-7 days, We have observed trendline Breakout after huge consolidation and also backed by good quarterly results, I am Buying Exide Industries in Cash Segment Around current Price @ 160 For the Targets of 175-180 and Stoploss of 149.50
EXIDE INDUSTRIES BUY EXIDE INDUSTRIES NSE:EXIDEIND : Time Frame(TF) : Weekly , wait for the price to come @ 180 and then buy on 200 MA Support level .
Reason to buy : 1. Took a retest on fib retracement level of 23%
2. Supply level strong 200rs level , major confirmation after that .
3. Major battery companies showing momentum after a long time
4. Trend line Break and retest
5. EMA above 50 level .
Buy @180-185
SL @157 -160
Tgt1@200
Tgt2@235
Tgt3@275
#ExideIndustries Positional Levels 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 Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Bigger Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 136.80
PRZ 2 :- 135.50
SL :- 124.70 (Closing Basis)
Target 1:- 144
Target 2:- 152
Target 3:- 160 and more Trailing basis
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Exide Ind : Parallel Channel Breakout#Exideind #channelbreakout #breakout
Exide Industries : Swing Trade / Short Term Trade (1-3 Months)
>> Parallel Channel Breakout
>> Good Trending setup
>> Good Volumes & Strength in stock
>> Low Risk High Reward Trade
>> Potential Upside of 10% or more
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/Stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.