Exide good to go above 200by price-action, Exide seems to be going above 200, refer chart for more clarification.
EXIDEIND trade ideas
Exide Industries Ltd, is an Indian multinational storage batteryConsolidation is a phase when a stock or an index trades within a range. The trend is said to be sideways and may vary depending on the circumstance. Once this range is broken, it may lead to bigger moves, but until the range is intact, the movement cannot be clearly predicted.
EXIDE INDUSTRIES DAY CHART -03.01.23 - BAHAVAN CAPITALEXIDE INDUSTRIES as per day chart analysis
Stock ABOVE 183 TARGET 186
Happy Profitable Trading to all...
Long EXIDEIND - Move is ON..NSE:EXIDEIND
✅ #EXIDEIND - Trading above Resistance of 192
✅ Next Resistance is at 1772
✅ Pattern as shown in chart
Related chart:
Charts are 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 SHORTLY TOUCH 100Exide short-term target is 100, because it has formed rounding bottom pattern
Weekly chart head and shoulder ExideThis chart has given the head and shoulder breakout in weekly time frame and ready for the target 216. SL should be below the breakout candle.
Disclaimer: All information is for educational purpose only.
Exide Industries Flag Pattern Breakout The price has bottomed out and reversed from Multiyear Support at around 130-135 INR.
Broke the previous High on the Daily timeframe and then proceeded to break the Channel pattern on the upside.
Breakout created a new high (175 INR, which is also 200EMA level on the weekly timeframe) & Retraced (Failed breakout).
Retraced and consolidated and then gave a breakout again.
Entry Price: 160-165 INR
SL Price: 145- 150 INR
Confirmation of Breakout: after breaking of 175 level, which is 200 EMA resistance (Green line)
Target1: 181-184 (If no consolidation at targets, then next 1-2 months)
Target2; 191-194 (If no consolidation at targets, then next 3-6 months)
Target3: 210-215 (If no consolidation at targets, then next 9 months-1 years)
Exide Industries Ltd.Exide Industries Ltd.
ABOUT
Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India.
KEY POINTS
Storage Batteries Segment (74% of revenues)
The company is the leading storage batteries manufacturer in India and with a leader in almost all categories in the Automotive, Industrial, and submarine sectors.
Presently, the Automotive sector accounts for 73% of revenues of the segment, followed by industrial (26%) and submarine (1%). The industrial battery customers are primarily from the power, solar, railways, telecom, and UPS sectors.
Distribution Network
The company has a wide distribution network with 150+ warehouses and sales offices and 55000 direct & indirect dealers across India.
Customer Base
The company has almost all 4-wheeler, 3-wheeler, and 2-wheeler automotive companies as its customers in India. Its industrial customers include Emerson, Ericsson, Hitachi, Cipla, General Electric, Mitsubishi, Godrej, BSNL, Finolex, BHEL, Tata, NTPC, Indus Towers, and others.
Revenue Breakup
by business :
a. Institutional - 30%
b. Non-institutional - 70%
by geography
a. Domestic - 93%
b. Exports - 7%
The company has a global footprint with exports to 50+ countries/ locations.
Collaborations
The company has technical collaborations with various worldwide companies for various areas/ products.
It has short/long-term collaborations with Hitachi, Furukawa from Japan; American Battery, East Penn from the USA; Moura (Brazil), E-coult (Australia), and Leclanche (Switzerland).
Manufacturing Capabilities
The company has 9 plants at strategic locations in India with a production capacity of 57 million units of automotive power and 5 billion ah of industrial power.
Its plants are located in Ahmednagar, Bawal, Chinchwad, Haridwar, Roorkee, Taloja, Haldia, Hosur & Shyamnagar cities in India.
Foray into Lithium-ion Battery Business
In 2018, The company has entered the domestic lithium battery business by forming a JV with Leclanche SA in a ratio of 75:25. The JV is established to start assembling lithium-ion batteries in India in FY21 from cells sourced from overseas and then gradually set up backward integration facilities for manufacturing cells in India.
Presently, the company's assembling lines have a total capacity of ~1.5 GWh.
The company has been acquiring a stake in Lelanche SA in the subsidiary Exide Leclanche Energy Pvt Ltd.
It acquired a ~7.7% stake in its partner for ~106 crores between Aug 2020 & April 2021.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Stock traded at 52-Weeks high.
2. Average traded and delivered quantity.
3. Aggressive Short covering in FUT.
4. Call writers unwinding their position in 200 Strike price.
FUNDAMENTAL ANALYSIS.
Sector: Auto Ancillaries
1. Market Cap - ₹ 16,201 Cr.
2. Stock P/E - 20.7
3. Price to book value - 1.48
4. Debt to equity - 0.05
5. Free Cash Flow - ₹ -603 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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Exideind in bullish move NSE:EXIDEIND break bearish trend line and gave higher high and lower high
Target 1= 218
Target 2= 248
EXIDEINDEXIDEIND is currently going through a reversal and near its 52W high.
Touched 200 EMA twice, gained support with above average volumes
Forming a W pattern on monthly
Median PE - 23.1, current PE - 20
TTM EPS - 11.63
Median price - 268
EXIDEIND - Ichimoku Bullish Breakout Stock Name - Exide Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 188
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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#EXIDEIND analysisEXIDE has given good quarterly results and ready to complete double bottom pattern, sustain above 178 buy for targets of 195-213-231-245 keeping trendline supportive at WCB.
EXIDE INDUSTRIES DAY CHART - 14.11.22 - BAHAVAN CAPITALEXIDE INDUSTRIES as per day chart analysis Stock Above 180 Target 188.
Happy Profitable Trading to all...
Exide industry to take long entryLong Exide industry between 178-180 for the target price of 202-215 with SL between Rs 165-170. Entry must be taken after the BO of a conflux area of 200 as well as 50 EMA levels. stock is expecting to take support 200 EMA level. seeming good volume with BO. This is for your educational purpose only.
EXIDE INDUSTRIES DAY CHART - 08.11.22 - BAHAVAN CAPITALEXIDE INDUSTRIES as per day chart analysis Stock Above 180 Target 188
Happy Profitable Trading to All...
swing for exidestock consolidating at support level
if it breaks last candle high then go for buy (156.05)
with stop loss of same last candle low (152.75)
Exide industry Long idea.Exide Industry may revert from 140 level. It may test 150 and 165 level soon, as it is trading in parallel channel with divergence on indicator.
