EXIDEIND - opportunity for quick 5% gainsNSE:EXIDEIND
cmp 364
there is an opportunity for getting quick 5% gains in this stock.
on hourly timeframe there is trendline breakout plus positive diversion on the RSI
I will be looking for entry at cmp 364 with target of 382-385
SL will be 353.
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article.
It is expected of each person to carry out own research and evaluation to ascertain whether my perspective is matchingwith your studies.
EXIDEIND trade ideas
Exide Industries Technical Analysis: Will the Downtrend Reverse?Chart Analysis and Observations
Descending Channel Pattern:
The price is trending downward within a clearly defined descending channel.
The lower highs and lower lows indicate sustained bearish momentum, with immediate resistance forming along the upper boundary of the channel.
Support and Resistance Levels (Pivot Points):
Immediate Support: ₹348 (S1 level, acting as a crucial defense zone).3
Major Support: ₹316 (S2 level and psychological support).
Immediate Resistance: ₹448 (R1 level and Fibonacci resistance).
Major Resistance: ₹488 (top of the descending channel).
MACD Analysis:
The MACD is in negative territory, with the MACD line below the signal line, confirming bearish momentum.
However, the histogram shows signs of reducing bearish pressure, indicating a potential trend reversal or consolidation phase.
Fibonacci Levels:
Fibonacci pivot levels align well with the major support and resistance zones, giving traders additional confidence in entry and exit points.
The stock is hovering near ₹377, close to the S1 level, where a bounce might occur.
Potential Trading Setups
Bullish Reversal Scenario:
If the stock manages to break out of the descending channel and close above ₹448, it could target the ₹488 level in the short term.
Entry Point: ₹380–₹390 (after confirming a bounce).
Stop-Loss: ₹348.
Target 1: ₹448.
Target 2: ₹488.
Risk-Reward Ratio: Favorable if volume supports the breakout.
Bearish Continuation Scenario:
A breakdown below ₹348 would signal further downside, with the next target at ₹316.
Entry Point: ₹345–₹350 (after confirming breakdown).
Stop-Loss: ₹370.
Target 1: ₹316.
Risk-Reward Ratio: Moderate, given the proximity to strong support.
Key Takeaways
Short-Term Outlook:
The stock remains in a bearish zone unless it breaks out of the descending channel. The ₹348 level is critical, and a break below it could trigger further downside.
Long-Term Outlook:
The overall trend for Exide Industries remains weak, but signs of decreasing bearish momentum suggest that a reversal might be on the horizon.
Trading Strategy:
Range-bound strategies can work well while the stock remains in the channel.
Wait for a breakout or breakdown for directional moves.
Conclusion
Exide Industries is at a pivotal juncture, with critical levels to watch at ₹348 and ₹448. Traders should closely monitor price action and volume for signs of a breakout or breakdown. While the bearish trend dominates, reduced momentum indicates potential reversal opportunities for long-term investors. Use proper risk management to navigate the current volatility effectively.
High conviction / value buy stock pick - EXIDEINDCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery.
> Taking support at last years support or breakout level
> High chances that it reverses from this point.
> Volume dried up badly in last few months / days.
> Very high suspicion based analysis and not based on chart patterns / candle patterns deeply.
> VALUABLE STOCK AVAILABLE AT A DISCOUNTED PRICE
> OPPURTUNITY TO ACCUMULATE ADEQUATE QUANTITY
> MARKET AFTER A CORRECTION / PANIC FALL TO MAKE GOOD INVESTMENT
DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING.
HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT !
STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY.
Time makes money, GREEDY & EGO will not make money.
The real deal is when to purchase and where to purchase the stock.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
ExideindAs we see on Hourly chart it has formed triple bottom and double bottom on daily time frame and overall stock is in downward channel and indicates a bearish trend, as of now it's like make or break scenario any further decline can lead to another 3-7% downside as per inverted cup and handle structure pattern. if any bounce from neck line and crosses above high of cup we may see a failure of structure pattern. Just a view not a Reco...
Exide Industries Seems to be well consolidatedExide has been in downtrend for past 3 months,from October 24.It has just shown a small break out after 3 months of fall.RSI is showing positive divergence,I feel the stock may touch Rs 516 /548 level as per fibonocci retracement.
Critical Break out at Rs 445
Time Frame 45-60 days
We can buy with a very small SL-Rs 408
Exide Inverted HnS plus double bottomA bullish trade on Exide in daily TF
Entry Range- 462-464
Sl- 450
Target- 480, 490
Pattern- Inverted HnS in Daily TF and A double bottom.
Note- Entry to be made on retracement at the given Entry level. Very good Risk Reward Trade.
Disclaimer-This trade is just for educational purpose. Please take advice from your financial advisor before taking any trade.
EXIDED INDUSTRIES (-elliott-wave-theory)We can again see in the stock of a EXIDE industry that the alien wave theory is being formed and here you will see inside the chart that from the price of ₹ 300 to the price of ₹ 400, big players have made activity entry, which is working like an export and here we can see inside the stocks that the N Sled pattern is being formed, we can see where the stocks have made corrections in time along with the price and when such a chart pattern is formed and there is a breakout in it, then we see the stock going up, so here we can get to see very good price projections in the long term and here also we can clearly see the elliott-wave-theoryry being formed, so this can also be a very good example of elliott-wave-theory, you can clearly see it being formed on the chart with time, this is not an investment idea, we are sharing it only for educational purpose that how the technical things work on the chart, but all these things will be possible then When good profits are seen in the balance sheet of the company, the sales of the company increase and the profits increase, then all these things can be seen as possible. The share price does not move only on technical illnesses. The profits of the company should increase, then all these things start appearing in the share price of the company. If you want to invest, take the advice of your financial advisor and invest only after that.
Exideind | All Resistance Trendline Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Target
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Exide Double bottom An early bullish entry in Exide.
Pattern- Double bottom ( Note it's an early entry pattern has not completely formed)
Entry- 449 450 levels
SL- 447-448
Target- 455 458
Note- Risky trade.
Disclaimer - This is just for educational purpose please take advice from your financial advisor before making any decision.
EXIDEIND Trading Within Fresh Demand ZoneEXIDEIND is currently trading at ₹418.1, positioned within its demand zone between ₹423.65 and ₹398.85, identified on 16th April 2024. This zone remains fresh and untested, suggesting potential buying interest if the stock price consolidates within this range. Investors may look for signs of support, potentially signaling an upward movement from these levels.
STOCK ON RADAR - EXIDE INDUSTRY According to the radar, Exide industries stock has given a good upside move on daily time frame. The fundamental of the company is also good in the last quarter result.....
View ' - Long Side
Chart Time - 1 day
CMP - 530.50
Demand Zone - 440
Supply Zone - 620
buy at 530 and take profit at 620.....
STOCK ON RADAR - EXIDE INDUSTRY According to the radar, Exide industries stock has given a good upside move on daily time frame. The fundamental of the company is also good in the last quarter result.....
View ' - Long Side
Chart Time - 1 day
CMP - 530.50
Demand Zone - 440
Supply Zone - 620
buy at 530 and take profit at 620.....
Exide Industries Breakout & Retest | Swing Trade IdeaExide Industries has recently broken a counter trendline and is currently retesting the breakout level. The stock has also breached the mother candle, but it remains inside a parallel channel that could act as resistance. Keep an eye on how the price reacts within the channel – a breakout above could open up new opportunities, but the channel resistance may cause hesitation. Manage your risk and stay aware of the overall market structure before making a move.