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EXIDE LONG TRADE IN MAY (FUT)EXIDE AFTER POSTING GOOD RESULTS HAD SHOT UPTO 8%
IN A DAY AN SINCE IS SEEING PROFIT BOOKING
NOW ALONG WITH THAT IT HAS SEEN ACCUMULATION FROM
LEVELS OF 258 TO 262
AN INITAL BREAK ABOVE 265 ON CLOSING
BASIS WILL HELP US SEE NEW LEVELS
AND WILL TEST RECENT HIGH
FUTURES TRADE IN MAY CONTRACT
BUY @257-259
STOP @254
TARGET 1@262
TARGET 2@265
TARGET 3@270
LOT:4000
SUGGESTED LOTS:1
EXIDE Breakout can it do the big bang move ?Exide ind Had a Weekly BO last week with a good close outside the flag.
Now the best strategy to play here in this counter is wait for the dips and add.
My possible buy points here is 215 and 208.
SL will be 198
Target 250 and TSL.
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Exide Industries: ₹227 in primary wave [5] extension,target₹335Exide Industries: ₹227 is in primary wave extension, will have a minimum target ₹335.
And it can go up to 162% of the gross price from wave to wave .
Its 100% to wave is almost achieved. Meanwhile small corrections are expected.
There are some unwanted challenges & interactions , and I requested the forum to take note of the issue to have some control over the free users. Please refrain from such activities.
The beauty of this chart sharing forum is that, is has multiples score level. First I wanted to be a PRO, then the best among the authors, the numbers of viewers, number of posting, Reputations, more followers, then comes the Likes, HOW COME there are people, who doesn’t fall in any of the categories, directly PM somebody and challenges his predictions. If any of you have a view, you may please post it in the form. Let people evaluate your views.
I am not here to challenges any one. My idea is to build confidence with in me and to the fellow investors who are interested in my postings .The market is running with confidence, and the building blocks for that is knowledge & information. Please communicate in open forum, which may help to others some time and nothing is to hide here. Hence forth I will not entertain any chat in PM.
Exide Industries to continue trading in bearish channelExide Industries has been trading in bearish channel and trading in range between trend line support and resistance. we may see some up side movement up to its trend line resistance and fibo 23% level and short again from there with a target to its support. if market open red trades may wait to enter long slightly todays low around 170-172 and enter long with a target of 186.00 in near term or in a week.