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
EXIDEIND trade ideas
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
Exide : Breakout of downward channel consolidationBuy Exide in range 215-219 stop 205 Targets 250-270
Rationale: Breakout of downward channel
with high volumes, price took support
@ 61.8% retracement and eventually breakout
EXIDE BREAKOUT COMING SOON!!!CMP: 204
TGT: 213, 223, 239, 247
SL: 196
Nice price action, bouncing from support areas. Seems bottomed out on daily and weekly charts. Can go long as decending triangle breakout coming soon.
Disclaimer: I am a novice at charting and this chart is for educational purposes only. Views and opinions are welcome.
EXIDEIND: Time to go long in Ancillary Industries...... Detailed plotted on Chart.
Go Long @ LTP +/- 1%
More accumulation Level @ 198.70 - @ 195
Intra / swing levels / TARGET:
@ 206.5, @ 207.4, @ 208.9 - @ 209.95 9HZ), @ 212.8
* More Updates on Market Hours, as Scenario Change.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
EXIDEIND - In downtrend rangeEXIDEIND is still in a downtrend channel. 200 is strong support. But it has broken downward from the weekly trendline. So wait before you enter. Let it break the channel.
Exide Industries NeoWaveDiamond Shaped Diametric Pattern Completed And It Broke Trendline Support.
As it broken trendline lets assume this is gonna be some sort of complex correction which il head lower in coming days.
Now things to expect After Completion of Diametric is,
If ongoing rally from low of Wave g is Wave x then it shouldnt retrace more than 61.8% of Prior pattern (Diametric).
As diametric tend to have some contractions & expansions in between ,so its difficult to identify perfect channel line.So,i took some clue from Rsi oscillator.That il be a probable channel line.....
Draw a trendline connecting lows of Wave a & c then draw a line from top of Wave a & d.....(This is probable channel line & trend may continue down untill its with in this probable channel line.....
Invalidation is 229 Which is 61.8% retracement of Prior pattern.
If it moves above our tentative channel line but doesnt go beyond 229 & falls ,then we have to re draw channel line from top of wave a to end of wave x.....
Strategy is Sell On Rise.
Exide Ind :NR7 candle with Inside Bar candle patternExide made NR7 candle today coincide with Inside Bar candle pattern .
Above 210 stock can do 219 quickly ,Weak below 203.
Status of Exide Stock The stock is still in down ward trend , and may not revers till 202/203 , its in Bearish Channel , one can look for reversal sign near 202 to take short term long trade
Regards
Buying opportunity in EXIDEINDExpecting a triangle breakout in EXIDEIND very soon. Risk takers can buy at current market price with stop-loss of 208.75 on closing basis for target of 240 and above. Others please wait for confirmation of break-out.
MAKING " W ' PATTERN ON DAILY CHART LOOKING BULLISH* - DAILY CANDLE CHART
2 - BULLISH CANDLE FORMED
3 - GOING TO MAKING " W " PATTERN
4 - ONCE " W " PATTERN FORMED AND WILL BREAK TOP OF "W" , WE CAN SEE 250 SOON
ExideLooking good in Hourly chart. Have strong resistance near 212 in Daily chart. May rise upto 218/220/222 SL below 214
ExideExide at Trendline Support.
Also a very critical support near by.
One can buy this with a strict SL of close below 205
Target 230/250
