Exide IndustriesDisclaimer : Only for educational Purpose,not a stock recommendation
Trading is an art, learn the art!!!
#stockInvestment
EXIDEIND trade ideas
EXIDEINDEXIDEIND daily H&S BO...
Weekly chart also looks bullish..
May complete his pattern on weekly TF...
Exide Ind. - CMP: 193The Stock has given Head -N- Shoulder breakout. All oscillators are in positive bios. We can expect price movement till 215 in the near term.
EXIDE IS SHOWING GUD SWINGAS YOU CAN SEE EXIDE BATTERIES FORMING INVERTED HEAD AND SHOULDER PATTERN AND IT CAN GIVE YOU A NICE BREACKOUT
BUYConsolidsting in a broader channel
Strong structure
High volume bars
Cheap to buy on strong valuation
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
Exide - LongExide has found support from the previous BO level. Above 191 the stock can touch 210-215 levels
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.
Buy above 188Buy this stock above 188 for an easy target of 210. If nifty show a postive movement. Like and support
Head & ShoulderForming inverted Head and Shoulder.
Can be bought above 188 for a possible target of 198/205.
Note: Educational purpose
