EXIDEIND trade ideas
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
H&S @ EXIDELEVELS MENTIONED IN THE CHART.
Disclaimer:
It is very important to do your own analysis before making any investment based on the chart mentioned here.
Trade wisely!
SELL EXIDEIND (Exide Industries Ltd) BELOW 219.80TRADE FOR NEXT 1 FEW DAYS:
SELL EXIDEIND (Exide Industries Ltd) BELOW 219.80
EXIDE - Long Trade IdeaLong above 247.2 with SL 239.1
T1 247.9
T2 249.15
T3 250.2
T4 251.8
T5 253.1
T6 254.2
Next Possible moveThis scrip might pull back , but its likely heading for 230
one can look for trading in the direction of larger trend
EXIDEIND. SHORT @ 258.00It’s a clear INSIDE BAR FALSE BREAKOUT candle stick pattern with the breakout of the SUPPORTING TREND LINE.
Short @ 258.00 and take your profit at nearest support level.
