EXIDE INDUSTRIES : SUPPORT AT DEMAND ZONETaking support at previous demand zone, making similar pattern like amaraja batteries
Should wait for 175 to 180 level to break for fresh buying in exide industries.
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The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
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Exide Industries, Reversal on the way - Inverted Head & ShoulderExide Industries is shown to be forming inverted head and shoulder pattern on a daily/weekly basis. Lately the stock can been trading with higher average volumes in the past few months.
The stock can show a good upside move in the coming days with an initial target of 220 and have the potential to go further up to levels of 300 in medium term supported by strong company fundamentals.
Exide Industries- 200 on the cardsAfter a brief downward movement starting from 218, there is an evident inverse head and shoulder pattern visible. Two shoulders at 180 range and head at 170 range. Potential upside is there for this stock and this can be predicted to cross 200 in the near future.
NOTE: This is only for educational purposes and do not constitute specific financial, trading or investment advice. Investment/Trading in market is subjected to market risk,Please consult financial advisor before trading or investing.
H&S Pattern in ExideExide has given breakout in Head & Shoulder pattern in 1 day timeframe and its looking to give a good move from these levels.
Target can be at 198(T1) - 210+(T2) levels with Sl at 180 with a holding period of 2-3 months. Can also hold this for long term growth.
~ The stock has given decent q4 results.
~ The stock has huge potential in the future having about 60% of market share in ion batteries.
~ The company’s life insurance business is also been seeing growth in the recent times.
*This is just my view enter trade based on your analysis*
Exide with Potential UpsideDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Exide gave good breakout with volume it should move upside from current price. After plotting Elliott waves we can see its in wave iii so There are two possible trades
Short term trade: long near 180-82 Stop loss 169.5 for target 195
Positional trade: long near 180-82 Stop loss 154 target 226 in wave iii and 245 in wave v
Exide Good buy for Investment.I am sharing Exide for the long term investment .
Keep in mind that it is a vision on a monthly chart, so it probably has a time horizon of years.
It generated a great bullish momentum from 2016 - 2018.
After this rise, we see a great corrective process that lasted from 2018 -2020
Now its rebounding.
So it may be a good buy for the tgt of 200/222/244/270
Good Buying Zone may be 160-170
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
exide industries looks super strongon the first note exide industries has broken its long term term bearish channel. stock was in 2years of bearish phase.
after breaking from its long term channel stock has made ascending triangle and now it has broken upside with good volume. this gives a confirmation that stock may rise in coming days.
my first target for short term is 205
one can hold for long term with trailing
Exide - Hidden Divergence + Hanging ManHidden Divergences indicate the uptrend in price should continue.
The price action candle pattern supports the hypothesis.
So unless, its a super Bearish Market tomorrow, it should be a good trade!
Go Long above 154.5 for 156, 157, 160 (if it sustains above 157.3 - 50 DMA) with SL at 153
Stock Analysis of Exide IndustriesExide Industries - CMP - ₹156.20 Dt. - 13-07-2020
In the historical daily chart, the price has respected the cross of 21DEMA and 50DEMA and gave a good trend on both sides. On 13-07-2020 the 21DEMA is all set to cross above the 50DEMA and if tomorrow it crosses above 50DEMA with good volume then the stock can give return up to 8-10% in 8-9 trading sessions.
RSI and CCI are neutral, however, MACD has given buy signal. If the stock moves upward then first resistance is placed at ₹160.70 followed by ₹164.45. If stock began to move down then it can go up to ₹145.80.