EXIDE#EXIDE
Bounced from the very strong support zone and Also a falling wedge created. Risky one can take trade now and safer one can wait till Breakout of wedge.
EXIDEIND trade ideas
EXIDEIND_KEEP YOUR EYE ON ITEXIDEIND looks good on chart.
One can go long if it breaks the range upside with volume.
(FOR EDUCATIONAL PURPOSE ONLY)
Exide ind forming Triangle Pattern in Weekly time frameThe battery industry stock Exide ind comes in a good price zone of 165 and has been forming a triangle pattern in weekly time frame.
It is a small cap stock and have huge potential to grow in the Energy Sector.
Swingan hour ago
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Exide on triangleExide is forming a triangle on the weekly pattern. support seems to be very strong on 170s. on breakout, we can expect 70% profit booking from the current level. however, still more time to accumulate.
EXIDE 1D TFBroke and re tested the trendline and now it is ready to break this year's high point 219.
CMP :- 184.45
SL :- 176
Target :_ 219+
A stock which can give break out getting consolidated Exide Industries- One the stock which has value and can be a super strong in next six months. waiting for its break out
ExideIND long short termI hope you can now see how ExideIND represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Breakout in EXCIDEW pattern appearing in the channel
RSI also breaking out
BUY above 185 can give a swing
Levels marked
Exide Industries 4Hrs Chart only for educational purpose
NSE:EXIDEIND
Exide Industries Ltd. taking strong support and expecting reversal after long consolidation in stocks.
Downtrend: Now we have strong supports in Exide Indu, between 171 to 170 / Next Strong Support 160 to 150
Upwards: We have Three more strong resistance 180 /186 /195
My Targets (do not take any trade by my analyses)
• 1st Target 175
• 2nd Target 180
• 3rd Target 185
• 4th Target 190
• 5th Final Target 195
I have also provided some Support and resistance area above chart you can see.
Friend please analyses before taking any action do not depend on my analyses it’s just for education purpose only and follow the proper risk management. If you like my Ideas please hit the 👍 LIKE button and share some of your ideas in comment section.
long on exide batteries50% retracement respecting for 2nd time in daily time frame.
huge volume with reversal at 160 which is 61.8% retracement. this level can be used for averaging purpose.
EXIDE | Range breakout. Potential to earn 25% TO 30% Range breakout strategy:
CMP: 179.85 (good above 184.5)
SL: 170
Target: 239
( Targets calculated on basis of Fib.)
I am not a SEBI registered analyst. My studies are for educational purpose only. Please consult your financial advisor before trading or investing.
Happy trading !!!
BEARISH CROSSOVERExide Industries have bearish momentum it can be sell with sl of 190 and target is 150
[POSITIONAL] EXIDEIND LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Exide BUYH & S
target 239
The company has been in the range of 155 to 220. With the current set, next month should be a big move of 35%.
Right time to Go long with Exide IndIts a clear cut breakout with few retracement candles.
This guy is now ready to give a good long rally.
Just need to wait for the closing of candle above blue line and then we are free to enter.
Keep this guy on radar!!
