EXIDEIND trade ideas
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.
EXIDEIND | W Pattern & RSI DivergenceEXIDEIND | W Pattern & RSI Divergence - Despite huge broad market selling pressure i see this stock is having good risk reward for long.
CMP : 154
SL : 150
Target : 168, 175
1:3.5 Risk reward
(P.S : Have shared atleast 110+ charts in tradingview community and i used to put a google spread sheet link where i have the records analytics i post with the live status. But due to tradingview rule they removed all my charts all of a sudden. Hence i lost almost more than 65+ charts shared earlier. However i will continue to share the charts in future without link by abiding to the platform rules.)
Those who wants to track those calls just message me through the platform.
EXIDEIND - CHART SPEAKSPRICE HAS REACHED THE IMMEDIATE RESISTANCE, IF IT BREAKS, THERE IS GOOD CHANCE THAT THE BULLISH MOMENTUM WILL CONTINUE.
BUT SINCE AUTO SECTOR IS WEAK SINCE THEIR WAS A HUGE MOMENTUM IN THE PAST COUPLE OF DAYS, MAYBE THE STOCK WILL HAVE A CORRECTION. BUT USE THAT TOO AS A BUYING OPPERTUNITY AS "BUY AT DIPS" IS THE STRATEGY WHICH SHOULD BE FOLLOWED NOW.
IF YOU HAVE READ THE ABOVE STATEMENT, YOU HAVE SUCCESSFULLY BECAME MORE AWARE OF THE MARKET SINCE MOST DO NOT READ THESE STATEMENTS (AS THEY ARE SO BIG)
BEWARE OF FALSE BREAKOUTS
Look at the charts and make an informed decision.
Thank You
Happy Trading
Beware of risk involved in stock market and this is for educational purpose only.