EXIDEIND trade ideas
Pure channel following since 2018 Only for investors who have ample time in their hand ...
Go long on re-test on lower channel..
Short! Exide Industries with Cypher Pattern
Hi,
1. Shooting Star about to Form on the Day Chart.
2. On Drawing Cypher Pattern on 30 Minutes Chart.
3. X Point to Lowest Low Price, A Point to Higher High , B Point Form to Lowest Low of Retest Level. C Point form to Higher High.
3. XB=0.542(Near to 0.5) , AC=1.285(Near to 1.28L Level). All above level Satisfy for Cypher Pattern.
4. Assuming, XD=0.786. BD=1.22 ( Near to 1.27 , Satisfy Cypher Pattern).
5. D Point(Reversal Point) form at 133
6. Sell Below (A Point) 155 Target 150(Trend Line) , 138( BPoint), 133 (D Point)
Stop Loss :163
EXIDEINDTake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
EXIDEIND - My analysis New to TA | Learning efferctivelyWe can expect good quarter and demand rise and company has high capex and negative working capital but we can enter for short term and take benefit of few points
Fundamentally company is good.
On Technical Ground
Buy at 195
Targets 210 , 220, 230
SL 170
It is just for education purpose ....
Your suggestion are welcome and please feed back . because I'm new to market and its is important to me have good guidance
EXIDEIND SHORTStrong marubuzu candle
stochastic gives bearish cross
open=high
strong selling today
downtrend below 200 EMA
Entry- below - 140.5
Stop loss - 149
Perfect Short OpportunityWait for break of 125 levels, if it holds for one hour go short with 130 stop loss, T 116
[Bounce] Exide Buy IdeaAlthough I have just bought it, One should buy at the marked line's breach only!
EXIDE INDUSTRIESPositive Divergence at support along with Hammer formation. Short term bounce can be expected. Can go long at CMP: 179. TGT: 188. SL: 175
