EXIDE INDUSTRIES NSE:​EXIDEIND

Break down and rejection back from channel

Levels and logic explained in the chart.

Long exide

Exide has formed with two powerful patterns ie., Bat and Butterfly. The level of 227.50-228.50 seems to be a sound exhaustion point for bears. We will sell this script in that zone. CMP 219.75 | PRZ 227.50-228.50 | SL 230.50 | T1 225 | T2 223 Chart by @avyaktha on 10-04-2019 Follow us in Telegram channel searching as @Harmonics for more instant updates on...

this is a positional call for 45 days prospective. don't trade this is educational call. please comment your view and follow me.

Bearish Bat Exide Ind Prz - 227 - 228.50 Sl - 230.50 Target 1 - 225 Target 2 - 223

Bearish Bat - ExideInd - 4h

Double botton: Buy above 216 sl 212 for 220- 223

EMA 50-day and 200-Day signals the bearish trend. Recent reversal from 50-day EMA and MACD confirms the downward trend. In the coming days, the stock would retest the downside level of 200. Expect it to expire below 200-EMA which hovers around 240 level.

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follow the mentioned level

At supply levels.

EXIDE INDUSTRIES

NSE:EXIDEIND WATCH THE LEVELS ON THE CHART ! PS:- PLZ DO OBSERVE THAT EXIDEIND SHOWS A STRONG CORELATION WITH NIFTY 50. LAST TIME WHEN NIFTY FELL FROM 11500 IN SEPTEMBER 2018 ,EXIDEIND ALSO HAD A STRONG FALL AND RETRACED ABOUT 78% . SIMMILAR CONDITIONS ARE FORMING AGAIN INDICATING A CHANGE IN TREND .

Bullish Shark ExideInd Prz - 220 - 222 Sl - 218 Target 1 - 224 Target 2 - 226

Exide Sell for Rs10 - 15 downside

Looks good for the range to settle 232 - 238

Short below 217 Target 211 SL 223 R:R=1:1