Mid To Long Term EXIDEINDIf you are doing fundamental studies then you can easily identify the reason for picking Exide Industries. Nowadays Indian government is focusing on Electric Vehicle and encouraging people. We are expecting good future for electric vehicles and battery producing companies.
Technical Overview of EXIDEIND: As we can see on the chart, stock has given Break Down to Head & Shoulder Neckline on 15th July 2019. In last few week’s stock has touched to support i.e. around 170 and given bounce. After bottom out, stock has given good close with good volumes. Currently stock is trading below Resistance, riskers can buy here or wait till closing above 200. We are expecting targets 210-220-230. We are giving two stop losses here i.e. 180 and 162.
Search in ideas for "Exide"
INTRADAY EXIDEIND SHORTAs indicated on the chart, the price has sharply reversed from the current levels down to the support line. I am expecting the price to do the same this time around and reverse to the lower level.
Strategy:
Observe for price action at the open and go short at the highest point.
The trade will fail if the previous high is broken, hence that will be the stop loss.
Sell @ 170
SL @ 172
T1 @ 166
T2 @ 168. Giving a decent RR of 2.46.
Bullish reversal from its strong support level with good Vol.NSE:EXIDEIND The stock started a bullish reversal from its strong support level with good Volumes. RSI is also supportive. A sustained move beyond 515 would lead to a strong up move shortly.
Trade activated Above the 515 level, Target 657, Stop loss 453.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Short! Exide Industries with Cypher Pattern
Hi,
1. Shooting Star about to Form on the Day Chart.
2. On Drawing Cypher Pattern on 30 Minutes Chart.
3. X Point to Lowest Low Price, A Point to Higher High , B Point Form to Lowest Low of Retest Level. C Point form to Higher High.
3. XB=0.542(Near to 0.5) , AC=1.285(Near to 1.28L Level). All above level Satisfy for Cypher Pattern.
4. Assuming, XD=0.786. BD=1.22 ( Near to 1.27 , Satisfy Cypher Pattern).
5. D Point(Reversal Point) form at 133
6. Sell Below (A Point) 155 Target 150(Trend Line) , 138( BPoint), 133 (D Point)
Stop Loss :163
SHORT ON EXIDEIND !NSE:EXIDEIND
WATCH THE LEVELS ON THE CHART !
PS:- PLZ DO OBSERVE THAT EXIDEIND SHOWS A STRONG CORELATION WITH NIFTY 50. LAST TIME WHEN NIFTY FELL FROM 11500 IN SEPTEMBER 2018 ,EXIDEIND ALSO HAD A STRONG FALL AND RETRACED ABOUT 78% . SIMMILAR CONDITIONS ARE FORMING AGAIN INDICATING A CHANGE IN TREND .
Long EXIDEIND - Move is ON..NSE:EXIDEIND
✅ #EXIDEIND - Trading above Resistance of 192
✅ Next Resistance is at 1772
✅ Pattern as shown in chart
Related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Excitement in Exide Industry | Volumes Supporting BreakoutHello Traders and Investor,
We have seen bullish flag kind of pattern in Exide industry, now it has given breakout of previous all time high, and volumes supports this breakout, there is higher probability we can see this trending momentum continuation few more days. Price is above 200-EMA, and earlier we have seen 21-EMA has given crossover of 50-EMA. MACD also has given bullish crossover, All these parameters suggesting a upmove in this Battery Stock. So if any body wants to go long can go with given levels, and let me tell you guy's this is really good fundamentally and technically strong stock with good management and it has really bright future as EV theme. So accumulate accordingly, for trading related levels are already there, for long term just accumulate more if you see dip in stock or do SIP.
About Company:- Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. The company manufactures batteries for automotive sector like 2 wheeler, 4 wheeler, 3 wheeler, E-rickshaws and H-UPS. It manufactures batteries from 2.5 Ah for 2-wheelers to 260 Ah for Non vehicular. It also manufactures for industrial use from 7 Ah to 3200 Ah for multiple applications and for submarine uses too.
Market Cap
₹ 23,894 Cr.
Current Price
₹ 281
High / Low
₹ 282 / 170
Stock P/E
27.5
Book Value
₹ 147
Dividend Yield
0.71 %
ROCE
10.2 %
ROE
7.28 %
Face Value
₹ 1.00
Debt
₹ 743 Cr.
EPS
₹ 10.2
PEG Ratio
14.7
Promoter holding
46.0 %
Intrinsic Value
₹ 249
Pledged percentage
0.00 %
EVEBITDA
13.4
Change in Prom Hold
0.00 %
Profit Var 5Yrs
1.87 %
Sales growth 5Years
3.32 %
Return over 5years
2.67 %
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou
TECHNICAL TREND TRADING FOR EXIDE WITH A TARGET OF 400!Hey everyone, hope u guys are doing well,
as u can see on the chart that exide has almost touched it pre covid stage,
now we are waiting for pullback or retst in both nifty as well as exide!
so we can play to accumulate in the price range of 175-185
& the bet part is your stoploss!
if the price breaks the structure the stoploss get inavlidated
but for area of margin implement ur SL at 160 or below!
thank you!
-Rv The Trader