M pattern since the right shoulder of M is little less than the left one , it is possible that ou may see pull back to the level of 121. price may or maynot touch 206.8, watch out for the price action on Monday
EXIDEIND trade ideas
Exide Tgt 240. Bought Exide today morning around 218. Stock had broken out of down channel on weekly charts. This pullback is giving a good opportunity to buy. I expect the stock to hit 240 by next month.
Classic pattern of breakout trend line resistanceClassic pattern of breakout trend line resistance buy @ 215 SL 205 Trgt 225-232
Exide "double bottom seems to be Adam & Eve"Positive divergent in Daily, weekly and Monthly and as well as rounding bottom followed by Adam & Eve.....
Exide #MegafoneExide: Add more on close above 229 with
revised stop 215 Targets 250-270
Rationale: Higher low formed @ 215 within megaphone,
high volume with rise in price against drop in volume
while price going down, price above key MA
EXIDEIND -- HIGH PROBABILITY SETUP.As it sees it forms a descending triangle in 30 in time frame + volume + rsi + at a fib .38% level on a daily chart + having long trend line support as well.
For Day trader - Buy above 219 stop loss 216 TARGET- 222 224 228.
For other trader- buy above 220 stop loss 205 TARGET- 230 240 250. In a case of downward breakout initiate buying in the range 206-211 stop loss 200. Target same.
Exide IndustriesShort 225 CE @ 2.25 .... 2.25*4000=9000 profit if exide stays below 225 at expiry
Short 195 PE @ 0.45 .... 0.45*4000=1800 profit if exide stays above 195 at expiry
EXIDE reversal from RESISTANCE ZONE, THETA DECAYEXIDE reversed from its resistance level.
For THETA DECAY-
For conservative entry one can sell EXIDE SEPT 230CE at 1.45 with a lot size of 4000 for a potential profit of 5800.
For aggressive entry one can sell EXIDE SEPT 225CE at 2.3 for a potential profit of 9200.
Our take profit is at the level of 61.8% based on Fibonacci lines.
hourly chart price showing exhaustion, wh en price run up away from the moving average , the y tend to retrace it and take the stride inn the forward direction, eide is buy as long it stays a bove the 213. one shhould watch out for price action
EXIDEIND - Bounce from the SupportEXIDEIND went down sharply today (Sep 13) due to the sharp selling in almost all Nifty Stocks. It reversed from the support zone around 216.
on 14th, watch the candle and enter on the green candle. If its shows downtrend, enter if it rebounds from the support.
Entry: 216
Target 1: 228
SL: 215
Target 2: 231
SL: 224
Exide Ind LongIncrease in OI with increase in price. Little drop in OI with fall in price. Delivery > 50% . News positive .
exide ind at support, reversal expected.in weekly, hammer formed at horizontal support
also hidden bullish divergence seen in weekly,
in daily, regular bullish divergence seen
sl - 193 tgt1 - 220, tgt2 - 250
EXIDEIND retesting resistance zoneEXIDEIND price action retesting the resistance zone near 205. made cup and handle breakout at 205. go long for target of 240 keep stop loss below 190. from last three week stock is holding 193 has strong support zone.
Long On Pull back Those who missed this ride can look for entry on Reversal sign near entry price
Stop would be -2 Point and target is 226+
regards
Exide Bearish Bat formeda bearish bat has been formed, will enter into the trade when we 2nd red candle breach low of 1st red candle
target 1: 0.382
target 2: 0.618
Long ExideBroken channel may go to 226 and 232 levels after retracement as in charts . Buy when it retrace at 213
