Exide IndustriesBuy above 515.
All important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
EXIDEIND trade ideas
Stock Bullish Reversal | Trendline BreakoutExide stock has a trendline breakout. RSI near 60. MACD is positive crossover and stochastic is also positive crossover and Elliott Wave done ABC correction.
I have only shared my study. There is no recommendation. If you buy or sell only after consulting your financial advisor.
EXIDEIND Support & Resistance
#EXIDEIND
Trend: Strong uptrend from January to June 2024, followed by a corrective phase. Currently consolidating with signs of a potential reversal.
Chart Pattern: Double Bottom pattern with a breakout above ₹490, signaling a possible trend reversal.
Candlestick: Strong bullish candle today (+5.42%) with no upper wick, indicating strong buying pressure.
Price Action: Support found at 460. Breakout above ₹490 shows buyer strength and momentum.
Volume: Significant volume spike (13.69M), confirming the breakout strength.
Buy Entry: Consider buying around ₹490-500 for potential upside.
Stop Loss: Set a stop loss below 460 (key support level).
Target: Initial target around 540, with potential to reach *580-1600 if momentum continues.
Exide Industries analysis-Exide Industries is a leading automotive battery manufacturer in India, with a market capitalization of Rs 42,690 crore. The stock's PE ratio stands at 48, reflecting its strong growth prospects. Let's delve into the technical analysis of the stock:
Price Action:
All-time High: The stock recently hit an all-time high of 619.
Resistance Level: It is currently trading near its resistance level, indicating potential upside.
Falling Wedge Pattern: A falling wedge pattern is forming on the chart, suggesting a bullish breakout may be imminent. If the stock breaks above the resistance level, a significant upmove could follow.
Technical Indicators:
Moving Averages: The stock is trading above its 9, 21, and 50-day moving averages, indicating a strong uptrend.
Volume: Volume has been increasing during recent uptrends, supporting the bullish outlook.
Overall Outlook:
The technical analysis of Exide Industries suggests a positive outlook. The stock's strong price action, coupled with bullish technical indicators, indicates potential for further appreciation. However, it's essential to conduct thorough research and consider other factors before making any investment decisions.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Investors should consult with a qualified financial advisor before making any investment decisions.
Exide Industries Have A Look Exide Industries Touch All Time High In a Month Of July And Cool Down and following a Trend line
After Following The Trendline . The Stock Given Us Breakout Of Trendline .
There My Point Of View , The Stock Have A more Potential to Touch Again AllTime High its Move in Percentage 18% Can Move After A Good Pull Back . 52 Week High Magnetic Setup Activate & Give Us Gain Of 17-18% from Breakout .
Please Look at In This Chart .
Thank You For Giving Time On My Post .
Exide Industries Bullish Reversal with High Volume BreakoutThe stock has successfully broken out from a descending trendline on the daily chart with strong volume, indicating renewed buying interest. It has also reclaimed the 100 EMA, signaling a potential trend reversal. The RSI is showing bullish momentum, and with increased volume, further upside towards 550-560 looks promising. Traders may watch for sustained momentum above 500 for a continuation of this bullish trend.
EXIDEIND swing trade IdeaEXIDEIND is an uptrend stock. It broke trendline with good volumes.
Can take a swing trade with a target of recent high.
Stoploss is given for safe trader and aggresive trader.
Positions to be taken with proper risk management only.
Note : No idea about its Fundamentals and should always consider market breadth while taking swing trades.
Exide Ind - Sideways to BullishMajor break of Trend line already done
Change of Structure already done
Making 2 HH Hls already done
Stock has finally managed to change the trend and broken the major resistance area of 470-75
Still it is in a supply zone but looks like it will be a good buy if it comes back to 475 area as resistance will now because a major support
As even there will a trend line support in the same area, So it will a good trade with excellent Risk Reward
Wait & Watch
Bullish reversal from its strong support level with good Vol.NSE:EXIDEIND The stock started a bullish reversal from its strong support level with good Volumes. RSI is also supportive. A sustained move beyond 515 would lead to a strong up move shortly.
Trade activated Above the 515 level, Target 657, Stop loss 453.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Exide Retraced to Supertrend There seems buying interest in Exide industries at weekly supertrend level of 460.
A good low risk long can be made here.
Tentative risk reward is on chart.
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I am not a Registered Financial analyst:
1 Learn the concept, not tip
2 Master 1-2 strategy, stick to it for consistent results
3. For weekly charts, Target/SL takes 1-9mon
5. Strict SL is on weekly closing basis
6. Diversify in at least 20 stocks
Exide Bottoming out - Buy above 504. SL -458Exide Industrie s, a leading manufacturer of storage batteries in India, has made significant investments in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). These investments are strategic moves to capitalize on the growing electric vehicle (EV) market and position Exide as a key player in the country's transition towards cleaner energy.
The stock has given RSI Breakout and one can consider entering above 504 for targets of 580/675/750, with strict stop loss of 458
Key Points:
Investment in EESL: Exide has invested a substantial amount in EESL, which is focused on manufacturing lithium-ion battery cells, modules, and packs. This investment aligns with Exide's commitment to the EV ecosystem and demonstrates its confidence in the future of electric mobility.
Greenfield Project: EESL is currently setting up a greenfield plant in Bengaluru to manufacture and sell lithium-ion batteries. This facility will play a crucial role in meeting the increasing demand for advanced batteries in the Indian market.
Growth Opportunities: The investment in EESL presents significant growth opportunities for Exide. As the EV market expands in India, there will be a rising demand for high-quality batteries. Exide's strategic positioning in the lithium-ion battery segment can drive substantial revenue growth and strengthen its market position.
Synergies with Existing Business: Exide's investment in EESL can also create synergies with its existing business. The company's expertise in traditional lead-acid batteries can be leveraged to develop innovative hybrid and electric vehicle battery solutions.
Government Support: The Indian government has been actively promoting the adoption of electric vehicles. This favorable policy environment provides a conducive environment for Exide's growth and expansion in the EV battery market.
WALLING WEDGE BREAKOUT (EXIDE)A falling wedge is a bullish chart pattern used in technical analysis. It is characterized by two converging trend lines that slope downwards, forming a cone shape. The pattern indicates that the price of a security is likely to reverse and move higher after a period of decline. Here are the key features:
Converging Trend Lines: The highs and lows of the price action converge, creating a narrowing wedge.
Volume Decline: Typically, volume decreases as the pattern forms.
Breakout: A bullish signal is confirmed when the price breaks above the upper trend line12.
This pattern suggests a decrease in downside momentum and the potential for a trend reversal3.