EXIDEIND trade ideas
EXIDEIND : Buy only on BO of yellow lineMy wave analysis suggest a nice buy on BO.
Put MO and if it goes like a rocket - awesome, if it tags you and goes down again.. get out.
Happy Trading..
EXIDEIND - SHORTING OPPORTUNITYExideind has given multiple confirmations for upcoming downward movement. 1. Trendline Breakout 2. Resistance 3. Shooting star Candle 4. Retracement from 0.38 level.
Exide Industries should Target 190 /200Exide Industries is forming a Inverted Head and Shoulder pattern and as per Open interest 180 is very strong support for the stock. Risk reward is good in the stock for longs
LongBuy @181
Tgt @192
Above 200 ema ,
Sl 178
In demad zone
Inverted HS in daily tf
Govt investment in battery sector is big boost
7 day max for tgt
Buy after some correctionExide is a sure a buy from my side,but one should wait for new entry since it looks overbought. Let it correct a bit before huge breakout. The market sentiments couldn't be predicted due to increase in covid cases and inflation reports. Trade safe:)
Cup and handle pattern for exide IndustriesOn daily chart, cup and handle pattern is seen for exide industries.
Also Q1 results are good. Expecting breakout soon
Long Exide
Exide CMP - 186
Stop - 174 on DCB
Expectation -
1 - 210
2 - 220
Expected Holding Period - 20 trading days or earlier
EXIDEIND- Daily chartEMA-50(blue)
EMA-100(black)
EMA-200(yellow)
On breakout. 188-191 strong resistance zone. Today took 200EMA support, soon 50EMA will cross from below 100EMA , which indicates Buy signal.
Fibonacci level- 189-190 to break.
Can make inverted head and shoulder pattern.
Exide sellsell from cmp to 186.9
easy target 182
sl - two consecutive hourly close above 186.9
Disclaimer : This is my personal analysis for study purpose not intended for trading
EXIDE VIEWChart is Showing a very big Probable HEAD and SHOULDER formation @Monthly chart with Neckline @121.
So this makes, Support of 168 very crucial due to the Probable Cup and Handle Formation whose B.O. can nullify the H&S pattern Formation probability after monthly closing above 206.
TILL THEN BE VERY CAUTIOUS!!!!!
For the probable CUP and HANDLE formation visit the connected link
EXIDE-300 Coming soonExide can move towards soon. Breakout and retest done in monthly chart and Supertrend has given buy on daily chart. Can accumulate more above 235 which is a resistance.
Breakout candidate Buy this script for a target of 250+ after a breakout which could be seen on coming weeksn
