Search in ideas for "Exide"
Exide Ind - Sideways to BullishMajor break of Trend line already done
Change of Structure already done
Making 2 HH Hls already done
Stock has finally managed to change the trend and broken the major resistance area of 470-75
Still it is in a supply zone but looks like it will be a good buy if it comes back to 475 area as resistance will now because a major support
As even there will a trend line support in the same area, So it will a good trade with excellent Risk Reward
Wait & Watch
Exide: Buy opportunity | Short Term | 01-08-2023Please Refer the Chart of Entry, Target and SL.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Exide Industries Ltd, is an Indian multinational storage batteryConsolidation is a phase when a stock or an index trades within a range. The trend is said to be sideways and may vary depending on the circumstance. Once this range is broken, it may lead to bigger moves, but until the range is intact, the movement cannot be clearly predicted.
Exide Industries - Bullish HarmonicExplanation
A - 211.5
B - 170.55
C - 199
D - ???
AB = CD
211.5-170.55 = 40.95
199-40.95 = 158.05 Our 1st Price Reversal Zone (PRZ)
158.75 which is our 2nd Price Reversal Zone is 1.41 fibo level of B To C.
SL is below 1.618 fibo level of B To C.
Target calculated by C To D fibo levels.