Chart analysis in Weekly time frame:
Pattern: Basing pattern is formed in 5.5 years.
Breakout: BO of ATH and Basing pattern and re-test of breakout is also performed.
Volume: Volume spike is there during BO and the volume is above Moving Average.
Trade setup:
Entry price: 345.7
Stop loss: Below previous ATH 304.7
Target 1: 369.3
Target 2: 407.55
...
Hello Traders and Investor,
We have seen bullish flag kind of pattern in Exide industry, now it has given breakout of previous all time high, and volumes supports this breakout, there is higher probability we can see this trending momentum continuation few more days. Price is above 200-EMA, and earlier we have seen 21-EMA has given crossover of 50-EMA. MACD also...
All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
A Higher High Higher Low structure on price action is considered as an uptrend.
- In the weekly chart, identify the first break of Higher High.
- Wait for Higher High retest and enter somewhere close to it.
- Cannot expect a stock to test the exact same value.
- Set SL as previous HL or in cases where there are other lows close by, choose the lowest one.
-...
Exide Industries has given a multiyear breakout after 5 years....
Stock can retest at levels of 300-305
Targets are 375, 406, 430, 456
My view is for long term
Only for educational purpose
Do your own research
There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
Bet on Exide Industries Ltd.
Target: RS 330
CMP: RS 317.85
STOP LOSS: RS 295
Disclaimer: I am not Sebi Registered.
NSE:EXIDEIND
✅ #EXIDEIND trading above Resistance of 304
✅ Next Resistance is at 415
Related charts:
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...
EXIDEIND
1) Time Frame - Monthly.
2) ALL TIME HIGH breakout in monthly.
3) Primary trend will act as a resistance / profit booking zone in the long term at (Price 393).
4) Recommendation - Strong buy
#EXIDEIND trading above Resistance of 266
Next Resistance is at 304
Support is at 214
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
#EXIDEIND is trading at 52 weeks high, though the last candle has a long top wick, I expect the stock to continue its momentum. Stop Loss is marked on the chart.
Exide Industries
Stock is ready to break 2018 highs
Its new Territory
Once cross 305 might head towards 340+
Investors long
Option Traders 310 & 320 ce
