EXIDEIND trade ideas
EXIDEIND near major support (only for futures & option traders)EXIDEIND near major support, can enter short position if price closes below 171 on daily time frame with SL @ 174.75 on closing basis, TGT1 : 168.71, TGT2 : 167
Please choose next month expiry for positional trades.
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
#exide india looking good 17-03INTRADAY CALLS
🔹🔹🔹🔹🔹🔹🔹
BUY EXIDEIND 177.5CE AT 3.40
SL 3.20
TRG TRAIL 👍
it looks good for multi support technique
Exide small directional short oppnhas been range bound for a long time now.
look to short it below the yellow zone for a quick 2-3% short.
AMARAJABATnow it break its support , time for corrections ,i think it break the break out , so wait for confirmation and go to buy
intra day trade for tomorrowExipeind analysis for tomorrow
just for educational purpose, trade at your own risk
Exide India should be benefited from BudgetTodays budget has given special provisions to battery companies. So I have a positive outlook for the same.
I am hoping to see a positive up move from here in Exide. It has taken support and given a confirmation candle as well.
From here Risk to Reward should be in our favor.
Please comment what else you will like to see in my post.
Exide good to go above 200by price-action, Exide seems to be going above 200, refer chart for more clarification.
Exide Industries Ltd, is an Indian multinational storage batteryConsolidation is a phase when a stock or an index trades within a range. The trend is said to be sideways and may vary depending on the circumstance. Once this range is broken, it may lead to bigger moves, but until the range is intact, the movement cannot be clearly predicted.
EXIDE INDUSTRIES DAY CHART -03.01.23 - BAHAVAN CAPITALEXIDE INDUSTRIES as per day chart analysis
Stock ABOVE 183 TARGET 186
Happy Profitable Trading to all...
Long EXIDEIND - Move is ON..NSE:EXIDEIND
✅ #EXIDEIND - Trading above Resistance of 192
✅ Next Resistance is at 1772
✅ Pattern as shown in chart
Related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
EXIDE SHORTLY TOUCH 100Exide short-term target is 100, because it has formed rounding bottom pattern
Weekly chart head and shoulder ExideThis chart has given the head and shoulder breakout in weekly time frame and ready for the target 216. SL should be below the breakout candle.
Disclaimer: All information is for educational purpose only.
Exide Industries Flag Pattern Breakout The price has bottomed out and reversed from Multiyear Support at around 130-135 INR.
Broke the previous High on the Daily timeframe and then proceeded to break the Channel pattern on the upside.
Breakout created a new high (175 INR, which is also 200EMA level on the weekly timeframe) & Retraced (Failed breakout).
Retraced and consolidated and then gave a breakout again.
Entry Price: 160-165 INR
SL Price: 145- 150 INR
Confirmation of Breakout: after breaking of 175 level, which is 200 EMA resistance (Green line)
Target1: 181-184 (If no consolidation at targets, then next 1-2 months)
Target2; 191-194 (If no consolidation at targets, then next 3-6 months)
Target3: 210-215 (If no consolidation at targets, then next 9 months-1 years)
Exide Industries Ltd.Exide Industries Ltd.
ABOUT
Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India.
KEY POINTS
Storage Batteries Segment (74% of revenues)
The company is the leading storage batteries manufacturer in India and with a leader in almost all categories in the Automotive, Industrial, and submarine sectors.
Presently, the Automotive sector accounts for 73% of revenues of the segment, followed by industrial (26%) and submarine (1%). The industrial battery customers are primarily from the power, solar, railways, telecom, and UPS sectors.
Distribution Network
The company has a wide distribution network with 150+ warehouses and sales offices and 55000 direct & indirect dealers across India.
Customer Base
The company has almost all 4-wheeler, 3-wheeler, and 2-wheeler automotive companies as its customers in India. Its industrial customers include Emerson, Ericsson, Hitachi, Cipla, General Electric, Mitsubishi, Godrej, BSNL, Finolex, BHEL, Tata, NTPC, Indus Towers, and others.
Revenue Breakup
by business :
a. Institutional - 30%
b. Non-institutional - 70%
by geography
a. Domestic - 93%
b. Exports - 7%
The company has a global footprint with exports to 50+ countries/ locations.
Collaborations
The company has technical collaborations with various worldwide companies for various areas/ products.
It has short/long-term collaborations with Hitachi, Furukawa from Japan; American Battery, East Penn from the USA; Moura (Brazil), E-coult (Australia), and Leclanche (Switzerland).
Manufacturing Capabilities
The company has 9 plants at strategic locations in India with a production capacity of 57 million units of automotive power and 5 billion ah of industrial power.
Its plants are located in Ahmednagar, Bawal, Chinchwad, Haridwar, Roorkee, Taloja, Haldia, Hosur & Shyamnagar cities in India.
Foray into Lithium-ion Battery Business
In 2018, The company has entered the domestic lithium battery business by forming a JV with Leclanche SA in a ratio of 75:25. The JV is established to start assembling lithium-ion batteries in India in FY21 from cells sourced from overseas and then gradually set up backward integration facilities for manufacturing cells in India.
Presently, the company's assembling lines have a total capacity of ~1.5 GWh.
The company has been acquiring a stake in Lelanche SA in the subsidiary Exide Leclanche Energy Pvt Ltd.
It acquired a ~7.7% stake in its partner for ~106 crores between Aug 2020 & April 2021.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Stock traded at 52-Weeks high.
2. Average traded and delivered quantity.
3. Aggressive Short covering in FUT.
4. Call writers unwinding their position in 200 Strike price.
FUNDAMENTAL ANALYSIS.
Sector: Auto Ancillaries
1. Market Cap - ₹ 16,201 Cr.
2. Stock P/E - 20.7
3. Price to book value - 1.48
4. Debt to equity - 0.05
5. Free Cash Flow - ₹ -603 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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Exideind in bullish move NSE:EXIDEIND break bearish trend line and gave higher high and lower high
Target 1= 218
Target 2= 248
EXIDEINDEXIDEIND is currently going through a reversal and near its 52W high.
Touched 200 EMA twice, gained support with above average volumes
Forming a W pattern on monthly
Median PE - 23.1, current PE - 20
TTM EPS - 11.63
Median price - 268
