EXIDEIND trade ideas
Exide Industries should Target 190 /200Exide Industries is forming a Inverted Head and Shoulder pattern and as per Open interest 180 is very strong support for the stock. Risk reward is good in the stock for longs
LongBuy @181
Tgt @192
Above 200 ema ,
Sl 178
In demad zone
Inverted HS in daily tf
Govt investment in battery sector is big boost
7 day max for tgt
Buy after some correctionExide is a sure a buy from my side,but one should wait for new entry since it looks overbought. Let it correct a bit before huge breakout. The market sentiments couldn't be predicted due to increase in covid cases and inflation reports. Trade safe:)
Cup and handle pattern for exide IndustriesOn daily chart, cup and handle pattern is seen for exide industries.
Also Q1 results are good. Expecting breakout soon
Long Exide
Exide CMP - 186
Stop - 174 on DCB
Expectation -
1 - 210
2 - 220
Expected Holding Period - 20 trading days or earlier
EXIDEIND- Daily chartEMA-50(blue)
EMA-100(black)
EMA-200(yellow)
On breakout. 188-191 strong resistance zone. Today took 200EMA support, soon 50EMA will cross from below 100EMA , which indicates Buy signal.
Fibonacci level- 189-190 to break.
Can make inverted head and shoulder pattern.
Exide sellsell from cmp to 186.9
easy target 182
sl - two consecutive hourly close above 186.9
Disclaimer : This is my personal analysis for study purpose not intended for trading
EXIDE VIEWChart is Showing a very big Probable HEAD and SHOULDER formation @Monthly chart with Neckline @121.
So this makes, Support of 168 very crucial due to the Probable Cup and Handle Formation whose B.O. can nullify the H&S pattern Formation probability after monthly closing above 206.
TILL THEN BE VERY CAUTIOUS!!!!!
For the probable CUP and HANDLE formation visit the connected link
EXIDE-300 Coming soonExide can move towards soon. Breakout and retest done in monthly chart and Supertrend has given buy on daily chart. Can accumulate more above 235 which is a resistance.
Breakout candidate Buy this script for a target of 250+ after a breakout which could be seen on coming weeksn
Head and Shoulders BreakdownEXIDEIND has formed a head and shoulders pattern and has given a breakdown. The price has retested the neckline and rejection candles can be seen at the neckline. This provides us an opportunity to short at current levels.
Important support and resistance levelThis stock is trading at crucial support and resistance level. Wait for it to successfully break. Can be bought above 180 for a target of 195.
Also, we can see a reversal in a downward trend.
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Happy trading :)
