EXIDEIND trade ideas
BO_Retest🟢 Very high volume breakout & then pullback/profit booking
🟢 ExideInd BO retest done near the 50% retracement levels
🟢 Doji formation near demand zone indicating indecisiveness.
🟢 178-182 is a very good demand zone and may take support
🟢 A good EV play and recent stake sell will add cash flow
🟢 A rerating candidate and stock has potential to move high
🟢 Stock trading near 200 DEMA. First pullback is a great buy
🟢 Daily #RSIStairs > 60. Trading above major MA & SuperTrend
🟢 12/20 DEMA bullish crossover in daily scale. Bullish
🔴 Weekly and monthly #RSIStairs still trading below 55
🔴 Relative strength in #RSIStairs is turning positive.
I have added at lower levels. Will add more after seeing some reversal confirmation. Can do some shakeout near the BO retest levels and move higher. Even if it doesn't move in near term, stock has potential to test 220/234 in #MediumTerm to #LongTerm #PortfolioBuilding #Investment
EXIDEIND (Trend)-Trend is upward
-Can look to enter when price closes above the parallel channel with volume
-Good for longer term
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Please do NOT consider these as trade recommendations.
I' am an amateur and posting these charts helps me understand the market better.
I' am open for suggestions/advice.
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NeutralIt has jumped almost 16-17 % over the news of aquisition , but could not sustain , on daili basis chart indicate downward movement till 180
Thereafter an up move should start
180 around will b gud price for entry with long target up to 220 till Oct end , I still feel it will correct to gap level then fresh run should begin after few days of consolidation , if there is normal opening on Monday , likely to touch 180 level till then one can wait for fresh entry .
CCI Indicator in Downtrend MarketOne can use this indicator for sell trade in downtrend market. In downtrend one can sell when CCI reading is above +100 to +150. This is trading technique when market is in downtrend and we may use SELL ON RISE STRATEGY. After selling we should place stop loss above latest high price. For conservative traders they can sell when CCI start going down below +100 reading.
Exide Industries - Bullish HarmonicExplanation
A - 211.5
B - 170.55
C - 199
D - ???
AB = CD
211.5-170.55 = 40.95
199-40.95 = 158.05 Our 1st Price Reversal Zone (PRZ)
158.75 which is our 2nd Price Reversal Zone is 1.41 fibo level of B To C.
SL is below 1.618 fibo level of B To C.
Target calculated by C To D fibo levels.