Make or break levelMoment traders: Buy Only if it crosses and trades above ₹191.
Technical reasons for buying: Details mentioned on Chart.
Fundamental reasons to buy: Government is pumping money in as PLI Scheme for battery production.
From investors perspective:
* Wait for the news EXIDE started making lithium-ion batteries ( used in Electric vehicles). You will be amazed to see how fast it will go up. Can even become a multibagger stock in coming years.
EXIDEIND trade ideas
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