long on exide batteries50% retracement respecting for 2nd time in daily time frame.
huge volume with reversal at 160 which is 61.8% retracement. this level can be used for averaging purpose.
Search in ideas for "Exide"
Right time to Go long with Exide IndIts a clear cut breakout with few retracement candles.
This guy is now ready to give a good long rally.
Just need to wait for the closing of candle above blue line and then we are free to enter.
Keep this guy on radar!!
Breakout and retest done, could move to north from hereon
Target : 200/208/215/225/235
SL : 179
Reason : Exide Life stake sale boosts EXID balance sheet considerably, with overn Rs 60b worth of stake in HDFC Life now available at its disposal. With EXID possibly looking to invest in lithium-ion cell manufacturing under the PLI scheme, this monetization of the Insurance business could not have come at a better time.
Breakout and Retest || EXIDE The stock gave a gap-up breakout and then it is retesting above the resistance line. Can be bought for a target of 199-200. CMP is 181 and SL will be 170 on a closing basis. Do FOLLOW for more ideas.
#HDFCLIFE weekly close 705 might lead to retest of 660#HDFCLIFE has been in a channel since mid-Dec 2020 with 655 at lower end & 730 at upper end.
Post announcement of acquisition of Exide Life Insurance it did spend some time above 730 levels with 775 as high.
However has been sideways ever since.
Close on weekly basis below 705/706 , could open the way for retest of 660 levels
706 was the IC low from which BO for 775 had occurred
Base on Base - Inverse H & S + Flat Base Breakout - Don't MissPositional & Investment Pick !!
Good News For Stock, the Company has acquired Exide Life Insurance which is going to be beneficial for the Company in long Run.
Good Breakout with enough Volumes. Keep Accumulating
Swing Opportunity in Exide IndustriesGo Long above 162.2 for Targets of 167.65, 173.1, and 178.55 with SL 156.75
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. The stock may go up to the trendline where it may face resistance.
EID PARRY is slowly sliding towards its demand zoneSugar Industry stock are in focus most of the stock has moved more then 100%
After breaking multi year resistance the stock is now near its demand zone
Risk reward ratio is favorable at 360-370 levels
At this level there is good supply zone which should act as demand zone now
This is also supported by 200DEMA
STOCK is in uptrend and now retracing
360-370 zone are the best to add them in your portfolio
Maintain strict stop-loss of 8% on closing basis
We should never spent more then 20% of our capital in one stock
Check my other ideas too by god grace all like levels given worked properly
JSL Moved 15%in one day
Kothari is up by more then 30%
Hindustan Unilever is up by 10%
Force motors is up by 7%
Exide is up by 5% is a single day
Gabriel is up by 4%
BSE,MOTILAL Oswal, and many more
Swing Trade Idea: Exide IndustriesSimple Price Action Analysis:
The level of 170-180 has been a strong supply and demand zone in the history of this stock. In the early years, this zone acted as heavy resistance zone. However after giving a successful breakout in 2nd half of 2017, this resistance zone was converted into support zone. This support zone was broken during previous year due to COVID crash. The stock gave a successful breakout out of these levels in the 2nd half of 2020. Now it is again acting as a support zone.
What to do?
We can buy at these levels for a target of 200 or above 200 with a strict SL of 165. This makes a RR ratio of around 1:2.5. Very safe bet.
Disclaimer:
This is not a buying recommendation. Please consult your financial advisor before taking any decision.
# 38 HINDUSTAN UNILEVER BREAKOUT AHEADGENIE IDEAS): Iam a breakout trader.I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on indraprastha gas, ubl , tcs ,exide, tata power,jindal steel.
#37 JINDAL STEEL SWING ANALYSIS!!(GENIE IDEAS): Iam a breakout trader.I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on indraprastha gas, ubl , tcs ,exide, tata power.
NDMC SURE SHOT NO DOUBT#35 (GENIE IDEAS) BREAKOUT AHEAD. I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on indraprastha gas, ubl , tcs ,exide, tata power.
DISCLAIMER: THIS POST IS A EDUCATIONAL POST. AS YOUR FINANCIAL ADVISOR BEFORE INVESTING:)
#36 journal of my posts(GENIE IDEAS): Iam a breakout trader.I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on indraprastha gas, ubl , tcs ,exide, tata power.
17 PROFITABLE POST
10 NOT EXCUTED POST
3 STOP HIT POST
1 EDUCATIONAL POST
4 STILL GOING ON SWING TRADE POSTS.
DISCLAIMER: THIS POST IS A JOURNAL POST. I HAVE LINKED MY PREVIOUS POSTS WHICH ARE STILL ACTIVE YOU CAN CHECK IF YOU WANT:)
#34 CASTROL GONNA THROTTLE UP#34 (GENIE IDEAS) BREAKOUTS AHEAD. I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on indraprastha gas, ubl ,tcs ,exide, tata power.
AMARARAJA BAJAADO BAAJA AMARARAJA DAILY CLOSE ABOVE 815 WOULD BE A GOOD BUYING OPPORTUNITY FOR THE TARGETS OF 923-30
SL SHOULD BE 2 DAILY CLOSE BELOW 815
MOMENTUM CAN BE SEEN ON MONDAY (24 MAY) DUE TO RESULTS TRADE ACCORDINGLY
CHART READING IS EASY PEOPLE MAKE IT COMPLEX
Swing Opportunity in Exide InsustriesGo Long above 194 for a Target of 210 with SL 181
Reasons to go Long :
1. The stock formed a bullish chart pattern 'Inverse Head & Shoulder', and today it closed above the neckline.
2. Also it broke neckline with heavy volumes.
Go long for Exide Ind.Here we have observed that Resistance has acted as strong support. Once the daily resistance get broken successfully. We can see this stock to fly till 234.
Thanks
Sagar
Make or break levelMoment traders: Buy Only if it crosses and trades above ₹191.
Technical reasons for buying: Details mentioned on Chart.
Fundamental reasons to buy: Government is pumping money in as PLI Scheme for battery production.
From investors perspective:
* Wait for the news EXIDE started making lithium-ion batteries ( used in Electric vehicles). You will be amazed to see how fast it will go up. Can even become a multibagger stock in coming years.
Idea on Exide Industries LtdA short term view on the stock; still learning on preparing, analysing charts.
HATSUN AGRO PRODUCT POSITIONAL VIEW !!!HATSUN: CMP:728.65
GOOD CHART SETUP.
ABOVE 731 BO POSSIBLE.
POSITIONAL TGT 758/777/792/842
KEEP ON RADAR AMARARAJA,BHARATFORGE, ENDURANCE , POWERGRID , JINDALSTEL , DLF,PRSMJOHNSON ,EXIDE,APOLOTYRE,KEC..FOLLOW THE LINK.....
Let's see what happens....
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
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