Search in ideas for "Exide"
Exide chart detailsThis guy break the trendline and it fails to sustain because of nagetive sentiment. Breakout statagies mostly works on bullish or sometimes in sideways.
Present market is in bearish.wait for positive sign.
The possible entry is 184 level breakout.if your a risky trader take small position when the price breaks the blue trend line.
Now.,the best thing is wait for bedget meeting
EXIDE | Range breakout. Potential to earn 25% TO 30% Range breakout strategy:
CMP: 179.85 (good above 184.5)
SL: 170
Target: 239
( Targets calculated on basis of Fib.)
I am not a SEBI registered analyst. My studies are for educational purpose only. Please consult your financial advisor before trading or investing.
Happy trading !!!
EXIDE Industry is attractive at this level After retracing stock is near its demand zone zone.
This can be a really good pic for short term as well as for long term since electric vehicle are in demand
And this industry deals with battery.
AmarRaja battery is near its demand zone too.. So it's possible both of them can bounce back
If it manages to give closing above 160 then its definitely a buy signaly for us