EXIDEIND trade ideas
Exide India Monthly support breakoutExide India broken the resistance which acted as support for multi year since 2009
support on
Mar 2009
Feb 2014
Feb 2016
broken the resistance on the monthly TF trendline now
Go Long
EXIDEIND S&R ANALYSISLooks it has taken the support and we will see upward jouney in few trading days.
Buy @ Current Market Price.
Target 1- 204
Target 2 -219
This is for Education Purpose.
EXIDEIND | Strong Inverted Head & Shoulder - 50%EXIDEIND | Strong Inverted Head & Shoulder - 50%
CMP : 178 (Dip : 170)
SL : 160
Target : 270
1:5+ risk reward setup
Exide IndustriesExide Ind - Cmp 192.80
Looks good for long for initial targets of 200/209/2015 with sl 180 on closing basis.
Reason:
1. Breakout from inverted HnS pattern with good volume.
EXIDEINDEXIDEIND after a downtrend nearly it got consolidated 20 days near the strong support area and yesterday it gave breakout for downside and currently it is in Trendline support, once it's break then next support we can see near 170.5 and next support is 155.
EXIDEStock closed on a 2 year trendline... from here the stock has generally rallied upwards but the EMA shows downtrend here... hence if it does not hold to the trendline. We can see more fall in the price.
EXIDEIND | Trendline and Channel Support with RSI divergence -9%EXIDEIND | Trendline and Channel Support with RSI divergence -9%
CMP : 182
SL : 179
Target : 198
1:5+ risk reward setup
Exide: Short term view-BullishDaily and weekly MACD Crossover, Daily CCI indicating positive these may help to reach the target.
Vijayaraghavan.K,
Kovilpatti,Tuticorin
Exide prepared for long tradeExide prepared for long targets T1-187, T2-194, T3- 200.......As per fibbonacci retracement it tested 0.23 level two to three times now ready for 0.38 levels....This is for learning purpose, please consult your financial advisor before taking any trade.
EXIDEIND - BULLISH Sign with good risk to reward ratio (1:5)Buy : 182.75
Target :192
Stoploss : 180.50
#EXIDEIND
