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EXIDE INDUSTRIES, DAILY CHARTEXIDE INDUSTRIES, DAILY CHART
HAS GIVEN PARALLEL CHANNEL BREAK-OUT @ : 214
WITH STOPLOSS OF 204
ONE CAN GO LONG FOR TARGETS OF 224, 234, 244, & 253
DISCLAIMER :
I AM NOT SEBI REGISTERED ANALYST.
MY STUDIES ARE FOR EDUCATIONAL PURPOSE ONLY.
CONSULT YOUR FINANCIAL ADVISOR BEFORE TRADING OR INVESTING.
EXIDEIND Trading Within Fresh Demand ZoneEXIDEIND is currently trading at ₹418.1, positioned within its demand zone between ₹423.65 and ₹398.85, identified on 16th April 2024. This zone remains fresh and untested, suggesting potential buying interest if the stock price consolidates within this range. Investors may look for signs of support, potentially signaling an upward movement from these levels.
Exide Industries Breakout & Retest | Swing Trade IdeaExide Industries has recently broken a counter trendline and is currently retesting the breakout level. The stock has also breached the mother candle, but it remains inside a parallel channel that could act as resistance. Keep an eye on how the price reacts within the channel – a breakout above could open up new opportunities, but the channel resistance may cause hesitation. Manage your risk and stay aware of the overall market structure before making a move.
Exide Ind retraced 50%Exide Ind one of the leading auto battery manufacturer. CMP 466.
The price has retraced 50% of the recent upside which started in Mid March from 290 level.
Seems ready for upside journey either from 450 (50% retracement) level or 420 level (61.8% retracement) .
Can be accumulated for recent high of 620.
Please do your own study before investin