Search in ideas for "Exide"
Exide Industries Ltd | CHART#11Exide Industries Ltd. engages in the manufacture of storage batteries. It operates through the Storage Batteries and Allied Products segment.
* Stock Analysis *
-- Short-term trend of the stock is positive where it is trading above its 20-day SMA
-- Huge scope for Storage Batteries due to adoption of Electric Vehicle in the near future. Best time to invest!
-- Third attempt of Breakout at 175 level (Supply Zone) with good volume
* Important Levels to Watch *
-- Entry @ CMP or after breakout
-- Target @ 200
-- SL 164
Good Luck Investors❗
-GokulHari
EXIDEIND Swing Trade Idea#EXIDEIND Swing Trade Idea.
Exide gave good bullish momentum on Friday but unable to sustain above 177 level which was historical resistance for this stock. Many time it touched 177 and came down to lower level.
Wait for any 1 Hour candle to sustain above this level so that we can buy and target will be 185/199.
If you see any rejection from this level then you can short at 172 level for a target of 164/159/153.
Exide Industries Ltd - Rally will continue #EXIDEIND
CMP - ₹.282
Leading manufacturers & traders of acid storage battery have operations all over the world. An undervalued company with good balance sheet and proven track record. Revenue and net profit increasing on QoQ. But net cash flow is negative. Stock is trading at its 52 week high now. Have strong resistance at 300-310 levels and support at 260-270 levels. Technically looking good at this point with an upward movement towards 500 .
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
Exide is on a good run but now at strong resistanceExide Industries has shown a great run on daily charts. But now it is at a point where it could face resistance as it did historically.
I have indicated the resistance points on the chart.
Keep this on the radar. If this level is broken, the move could be huge!
Please like and follow.
NSE:EXIDEIND