EXIDEIND trade ideas
# 15 LONG Exide for 30 - 40 Trading SessionsNSE:EXIDEIND
Reason Being:
1. Formation of Triangle pattern and Upper Breakout with Volume Confirmation
The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.
Every Price Action Pattern after breakout provides some Target Range and according to Triangle:
Target Price: 170 and 185
View Negated Below: 145
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
EXIDE INDUSTRIES Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
exide industriesExide industries reported lower net profits.However,pattern shows upside trend due to factors.Resistance 176 and Support 168.This share might show upside momentum and may touch 180-182
EXIDEIND BUY CALL FOR SWING TRADERALL LEVEL DISPLAY IN VIDEO
FOLLOW THE RULES GUYS
1. BUY ONLY WHEN STOCK PRICE HIT BUY LEVEL
2.STOP LOSS IS VERY IMPORTENT
3.1ST TARGET HIT BOOK PROFIT WAIT 2ND TARGET CHOICE IS YOURS BUT TRAIL YOUR STOP LOSS
4.IF YOUR CAPITAL IS 1 LAC
YOU ONLY INVEST 5000 TO 8000 IN ONE STOCK
NOT PUT ALL YOUR MONEY IN ONE STOCK
BECAUSE MARKET IS UP AND DOWN NATURE
5.DO NOT TRADE FUTURE, OPTION AND INTRADAY TRADING
6.THINK BIG ONE DAY YOU ARE BIGG BULL IN MARKET
ALL OUR PRIVIOUS CALLS HIT PROFIT
Exide - bullishExide is on daily support and seeing volatility contraction in the hourly chart. I am expecting it to give a good opening tomorrow. Do you have same opinion?
Disclaimer: Educational purpose only.
Intraday Short Exide Taken trade at 158.00
with stop loss of 158.95
Target 155.05
Do not jump Blindly Trades
do your study 1st
Near the End of a Symmetrical Triangle. Some resistance around the dashed trend line.
200 EMA as support near the bottom trend line & resistance on the upside.
Hence, the stock is moving in a range.
Possibility of a breakout/breakdown.
If breaks out then go long with stop loss at the 200 EMA.
If breaks down then go short with SL at the black trend line.
Target in both cases should be trailing & not precise.
Stay Safe & Trade Safely.
EXIDEINDFrom so many days ,This stock perform above 180 EMA, @ 150.60-149.30 see good opportunity to enter.
