EXIDEIND trade ideas
Exide Industries- 200 on the cardsAfter a brief downward movement starting from 218, there is an evident inverse head and shoulder pattern visible. Two shoulders at 180 range and head at 170 range. Potential upside is there for this stock and this can be predicted to cross 200 in the near future.
NOTE: This is only for educational purposes and do not constitute specific financial, trading or investment advice. Investment/Trading in market is subjected to market risk,Please consult financial advisor before trading or investing.
Confluence Trade- Support zone and trendlineNSE:EXIDEIND EXIDEIND shows a good selling pressure on 15 Min time frame. and also a confluence of support zone and trend line. If it breaks, above marked targets can be achieved.
EXIDE INDUSTRIES LOOKS POSITIVEEXIDE INDUSTRIES is on a uptrend and then formed inverted head and shoulder.
EXIDE INDUSTRIES broke the important resistance at 192.2 and went up and retested.
EXIDE INDUSTRIES can touch 194.4 as target for intraday.
Let me know if you have any suggestions or recommendations.
Thank you.
Disclaimer :- Just an idea not any recommendation
EXIDEIND BULLISH POSITIONAL TRADESTRONG BULLISH BREAKOUT
HARMONIC PATTERN
ONE CAN GO LONG AT THE CURRENT LEVEL WITH SL 184.
TGT1 204.
RESISTANCE 200 MAX OI.(WATCH FOR CALL UNWINDING)
#EXIDEIND Inverted head and shoulders pattern.#EXIDEIND After forming an inverted Head and shoulders pattern, Exide India has broken the zone and now re-tested the zone. It is now looking to touch 200 and we may see greater levels.
Educational purpose only - trade at your own risk.
Good luck.
ExideInd - Falling Wedge - BreakoutPrice formed a complete falling wedge pattern and it is getting ready to break. In the lower time frame in the last session a triangle pattern was formed and we can take this as an indication for breakout.
Exide AnalysisNSE:EXIDEIND
Exide currently taking support at uptrendchannel.
Good volume buying near the support and stochastic in 1hr chart is in oversold level.
Can be considered for positional buy for few days
Head and shoulderTarget 208
Stop loss 170
In weekly chart.
Good prospective for future electric vehicle concept.
Risk: Dumping from china is creating heavy competition.
Debt free company
PE:20
Life time PE average 23.
No pledged share
H&S Pattern in ExideExide has given breakout in Head & Shoulder pattern in 1 day timeframe and its looking to give a good move from these levels.
Target can be at 198(T1) - 210+(T2) levels with Sl at 180 with a holding period of 2-3 months. Can also hold this for long term growth.
~ The stock has given decent q4 results.
~ The stock has huge potential in the future having about 60% of market share in ion batteries.
~ The company’s life insurance business is also been seeing growth in the recent times.
*This is just my view enter trade based on your analysis*
EXIDE INDS.. Buy Inverse head and shoulder pattern Buy buy Short term With initial Targets of ( T1 - 200 , T2 - 208 , T3 - 215 ) with stop loss - 180.
Inverse head and shoulder pattern with good volume with good volume
Long term speculation exide Chart is in a inverse head and shoulders pattern With a breakout if it sustains above the horizontal level we can see further upside
Only for educational purposes and not recommended for a trade.
Resistance Breakout in EXIDEIND,Head n shoulder breakout in daily TF,
Auto sector index also good breakout
E= 193.5
S= 180
T= 218
R:R= 1:2
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.
Exide looks bullish#positional
Exide ind former inverted head and shoulder pattern and broken it with a huge volume, giving strength for upside. Keep this in watchlist and trade as per the charts
EXIDE INDUSTRIESExide Industries looks good for long as the trend of the same is uptrend and also respecting the trendline so it can be bought at cmp 183.50 for the targets 191 / 201 / 211 plus with a strict sl of 169 for a short to medium term
All charts posted here are only for EDUCATIONAL PURPOSE.
Before making any Trading Position kindly consult your Financial Advisor.
