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#EXIDE INDUSTRIES #LONG Exide Industries has given a resistance breakout today at around 194.5- 195 levels and has successfully closed above the resistance at 196 levels. The breakout has come after 10 days of range bound price movement,hence a rally can be expected towards the next resistance point which is at 209-210 levels.
Exide Industries Re-entering its upward trendline - BULLISH VIEWExide Industries Limited is an Indian storage battery producing company. It is the largest manufacturer of automotive and industrial lead-acid batteries in India and the fourth-largest in the world. The fundamentals of the company are great. As per technical analysis, it has been in a primary upward move since march lows and after the recent downfall, it has again re-entered into its primary upward trendline and is supported by MACD and ADX positive signals, one can have a bullish view on it.
Exide Industries Ltd - Breakout Setup, Move is ON...#EXIDEIND trading above Resistance of 527
Next Resistance is at 595
Support is at 445
Here are previous charts:
Chart is 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.
Exide Industries Ltd - Breakout Setup, Move is ON...#EXIDEIND trading above Resistance of 415
Next Resistance is at 527
Support is at 304
Here are previous charts:
Chart is 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.
Exide Industries Ltd - Long Setup, Move is ON...#EXIDEIND trading above Resistance of 304
Next Resistance is at 415
Support is at 235
Here are previous charts:
Chart is 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.
Exide Industries Ltd - Long Setup, Move is ON...#EXIDEIND trading above Resistance of 266
Next Resistance is at 304
Support is at 214
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
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.
Exide Industries Ltd - Long Setup, Move is ON...#EXIDEIND trading above Resistance of 235
Next Resistance is at 266
Support is at 193
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
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.
Exide Industries - Weekly Exide Industries - Weekly
Stock currently trading at multi year resistance, Crossing it will become support
Weekly close and now trading above 200 EMA, huge accumulation clearly shown in volume at 160-170 levels
one can buy only above 198 on closing basis for intermediate targets of 230-240.
Note- Weekly chart should be considered for 3-6months time span
EXIDE BREAKOUTExide looks strong on weekly chart by breaking falling trendline resistance with good volume jump and breaking Bollinger upper band too and gives a bullish closing on above both so that we can see coming bullishness in this counter.
Cause of long-:
1- Falling resistance breakout.
2- Bollinger bands breakout.
3- Volume breakout.