EXIDEIND trade ideas
Bearish Bat Exide IndBearish Bat Exide Ind
Prz - 227 - 228.50
Sl - 230.50
Target 1 - 225
Target 2 - 223
buy exide ind. @ 215 - 220, sl @ 209, target @ 240this is a positional call for 45 days prospective.
don't trade this is educational call.
please comment your view and follow me.
SHORT ON EXIDEIND !NSE:EXIDEIND
WATCH THE LEVELS ON THE CHART !
PS:- PLZ DO OBSERVE THAT EXIDEIND SHOWS A STRONG CORELATION WITH NIFTY 50. LAST TIME WHEN NIFTY FELL FROM 11500 IN SEPTEMBER 2018 ,EXIDEIND ALSO HAD A STRONG FALL AND RETRACED ABOUT 78% . SIMMILAR CONDITIONS ARE FORMING AGAIN INDICATING A CHANGE IN TREND .
Expiry Strategy Apr: Sell 240 Call @ 1.2EMA 50-day and 200-Day signals the bearish trend. Recent reversal from 50-day EMA and MACD confirms the downward trend. In the coming days, the stock would retest the downside level of 200. Expect it to expire below 200-EMA which hovers around 240 level.
EXIDE INDUSTRIES CAN BOUNCE 20% UP FROM CMPOUTLOOK:- EXIDE INDUSTRIES HAS MORE CHANCES OF BOUNCING BACK THAN EVER. ON THE ABOVE CHART, YOU CAN SEE, THE STOCK IS NEAR ITS VERY STRONG SUPPORT OF 200. RSI AT OVERSOLD ZONE (28) I EXPECT IT CAN BOUNCE 20% AND 3-8% BOUNCE CAN HAPPEN IN A FEW DAYS. IT HAS FORMED "HEAD AND SHOULDER" PATTERN DURING ITS FALL AND ITS SELL TARGET (FROM THAT PATTERN) IS ALSO COMPLETED. SO, THE BOUNCE IS MORE LIKELY.
BUY ABOVE 200EMA = 208 (WEEKLY CHART)
TARGET 100 EMA= 230 (POSITIONAL VIEW FOR 10 TRADING SEASSION 2 WEEK )
EXIDE BREAK OUT DONE Exide did a breakout as per my previous analysis and now you can open a long if it adheres to Monk setup.
Targets are marked in green.
All the best!
Exide Industries Daily Time Frame Analysis Demand zone + BullisExide Industries Daily Time Frame Analysis
Demand zone + Bullish Butterfly + Bullish Hammer @ Demand zone + RSI Divergence
CMP 206.4
Targets 212.8-224.45-223.85-243.3-256.65+
SL 190
