EXCIDE- one again my view on excide now short excide here at cmp 181 sl 193 tgt 170-160-150
Exide Industries after a long term journey seems coming to an end, it recovered after touching its first support giving trader a better opportunity to enter this stock short. if formed a shooting star candle stick signal, traders. if market open gap up then it may trade further upside with a target up to 205.00 or alternatively if open in red it will head in down...
Exide Industries after a long up trend journey seems coming to an end. it retested level before breakout, today. it recovered after hitting 173, giving traders a better opportunity to enter short at better price, traders may go short in this stock at CMP, it has formed shooting star candle stick signal also. Before entry look for open,if open gap up then go long...
NSE:EXIDEIND Exide industries is in Multiple-time frame Bullish trend and is breaking out of a flag after consolidation. MACD divergence indicates bears losing power. One can expect sudden and swift movements from this script. Profit target: 220 Stoploss: 184 Warning: 26th October is Result date for Exide. Trade with caution and stoploss.
In the above chart, I have indicated a Breakout from a rectangular consolidation and simultaneously Eliottt Waves action in order to showcase the importance of both in Technical Analysis. After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action...
After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up. As per Elliott Waves, there is completion of Regular Flat...