EXIDEINDEXIDEIND is retracing to 61.8% Fibonacci of its previous upward trend. The RSI indicator is also very low indicating an oversell condition and possible reversal of trend. Bounce back upward from 61.8 is highly likely. With a stoploss of around 3-5%, with a target of about 254, entry @ around 161 seems like a plausible scenario. If this doesn't happen then the next entry would be 145.30
Search in ideas for "Exide"
EXIDEIND #EXIDEIND
- Trendline support
- Tested the support area near 170 multiple times and bounced back.
- TE Indicator gave a BUY SIGNAL. Wait for the confirmation.
Levels Marked on Chart on my Tradingview account.
ENTRY/ EXIT/ TARGET - Details ONLY AVAILABLE in Premium Service Channel.
INDICATORS USED:-
1. Fibonacci Retracement
2. Volume
3. Open Interest Data
4. Valuation Bands by TradingEdge Academy
&
* Proprietary Indicator *
"Trend and Reversals with Volume" by TradingEdge Academy
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EXIDEIND #EXIDEIND
- Bounced from the convergence of weekly support zone and 50 SMA.
- In the daily chart, the stock bounced from 200 SMA along with positive divergence in RSI.
Levels Marked on Chart on my Tradingview account.
ENTRY/ EXIT/ TARGET - Details ONLY AVAILABLE in Premium Service Channel.
INDICATORS USED:-
1. Fibonacci Retracement
2. Volume
3. Open Interest Data
4. Valuation Bands by TradingEdge Academy
&
* Proprietary Indicator *
"Trend and Reversals with Volume" by TradingEdge Academy
For more information regarding our services, please contact us. Check my profile information for contact details.
EXIDEIND#EXIDEIND
BUY ABOVE 156.65
SL 152.35
TGT 161/ 165/ 167
SELL BELOW 152.35
SL 156.65
TGT 150.55/ 147.70/ 145.65
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
Simple Trade Setup | EXIDE IND| 04-08-2021NSE:EXIDEIND
This stock is weak now. But today it entered in the critical zone which was working as a resistance as well as support from long time.
Also on daily time frame it closed below 400DMA which is act as good support for any stock.
Better to avoid trading in this stock and wait for firm break of either side of level.
Levels are marked on the charts.
Do comment your doubt or suggestion.
My personal view is to avoid trading in this stock.
Channel Bo in Exide Industries daily?Channel breakout in Exide Industries
Stock has broken its previous major resistance with significant volume.
Also, we can observe a Inverted Head and shoulder breakout in hourly time frame. For further strong momentum in the stock, price has to close above 174 in daily chart.
Price between 165-170 is a good range to enter the trade. Stop loss can be placed at 149.
This is just a view, not recommendation to trade. Do your own analysis before taking any trade.
NSE:EXIDEIND
Short Term Swing Trading Idea in Exide Industries for 25% UpsideHi,
NSE:EXIDEIND has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily, Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
Short term long position on ExideInd1. Showing strong signs of a possible uptrend
2. The current small term bearishness can be attributed to a pullback of a larger uptrend
3. Technicals - Positive crossover of 100 and 200 Moving averages
4. fundamentals - The revenues of the company have been improving from past three quarters and can possibly show better results on 31 jan
5. Budget - The push towards EV and possible budget allocations to this sector may support Exide industries Directly and indirectly.
6. my idea for long is for a short trade. you can hold or sell after that based on your analysis
*** I would love to hear all types of comment and If you find me wrong I would love to know that too with reasons