EXIDEIND trade ideas
Exide Industry Trend Analysis & Trade SetupTREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 5 to 10 times.
EXIDE INDUSTRIESBlack = Trend line
Green = support
Red = Resistance
Once resistance is broken acts as support
monthly chart
Buy ExideInd cause of positive divergancePositive divergance in daily candle chart
Buy with SL of 175 and TGT AT 195
Exide Trade Setup for 2-3 days !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 2 to 5 times.
Exide IndustriesThe stock consolidating at its demand area of 185-182, expecting a bounce to 200, 210 from current levels.
Mid To Long Term EXIDEINDIf you are doing fundamental studies then you can easily identify the reason for picking Exide Industries. Nowadays Indian government is focusing on Electric Vehicle and encouraging people. We are expecting good future for electric vehicles and battery producing companies.
Technical Overview of EXIDEIND: As we can see on the chart, stock has given Break Down to Head & Shoulder Neckline on 15th July 2019. In last few week’s stock has touched to support i.e. around 170 and given bounce. After bottom out, stock has given good close with good volumes. Currently stock is trading below Resistance, riskers can buy here or wait till closing above 200. We are expecting targets 210-220-230. We are giving two stop losses here i.e. 180 and 162.
Spurt in price seenSome bullishness being seen after prolonged bearish move. The stock may turn bullish due to sudden spurt above descending resistance line or if it can close above 201.50 by 10th October.
Bullish Anti Shark - ExideInd - DailyBullish Anti Shark - ExideInd - Daily
PRZ: 167.8-169 (Already in PRZ)
