EXIDEIND trade ideas
Exide- Positive MACD crossover & EMA Crossover expectedOn daily chart MACD is about to make positive cross over & EMAs are also likely to do so. Watch it.
Weakness on hourly charts! Exide industries is breaking down further from here.
162 is a strong resistance. Breaking from here could lead to a fall of upto 152.
Trigger shorts @ 161. Target@ 152. SL@165
Exide IND to breakdown from hereExide industries will break down from here. It is piercing through the 50 DMA downwards. Initiate shorts @ 162. Target@153 and SL@166.
Forecasting Methods & Confirmation On July 16 2020 i have made an forecast that this will make some Out of Box or Range moves before heading for one more correction
and that worked Exactly the same way , Including Maximum High it can attain during this out range move ,
I am attaching my private chart here for your reference one can click it to know more
Good luck
EXIDEIND SWING LONGAs per the above chart , on a weekly time frame there is breakout and there after there is consolidation in daily time frame there is a huge support at the 152 range and one can use the 150 as stoploss for the same and 1st target can seen at 178 and if it breakout the 178 range then it is expected to move till 208 ….
TO BE SUCESSFUL IN THE MARKETS ONE SHOULD HAVE STRICT RISK MANAGEMENT
disclaimer : I am not SEBI registered advisor , and the above analysis is for the educational purpose only
Looks attractive above 175Looks attractive above 175:
One can enter if price closes clean above 175 on few daily levels for the target of 200/240/300. We can see these levels in 4/6/9 months time frame. SL would be around 160. Price is moving in nice ascending triangle pattern and closing above 175 could be sign of big upside trend.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Exide Breakout OR NOT!!If breakouts, it will test 180, 200 and 240.
If breakdown it can test 150 or more.
EXIDE INDIm not an expert im just sharing my views on EXIDE IND for tomorrow
Im not responsible for any profit or loss this is not a recommendation
