Exide IndustriesThe stock consolidating at its demand area of 185-182, expecting a bounce to 200, 210 from current levels.
EXIDEIND trade ideas
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)
EXIDEIND 182 || LONG || INTRADAYBUY above 182 SL 181
Targets 183, 183.5, 184, 184.5, 185
OR
EXIDEIND 26SEP 182.50 CE (₹3.15)
Exide Industry Trend Analysis & Trade Setup !!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.
Risk Reward is more then 6-8
Exide Ready to FlyTREND 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.
RR= 5-8 times
Will Update the 2nd Entry if it comes .
EXIDEINDNSE:EXIDEIND Broken below the neckline support of 200. The stock is trending lower for the last 5 weeks and a bounce back cannot be ruled out since it's in an oversold position. However, one should keep in mind that it would be difficult for the bulls to cross the level of 200 now.
EXIDEIND 45 MIN VIEWEXIDEIND 178.50(MORE 177) CLOSE BELOW WILL TAKE TO 170...160..MORE FALL POSSIBELS
EXIDE is SHORT EXIDE is excited short when it break down. Enter below 180 for target of 170 or down. Wait for confirmation on 15 mins.
short and short only!!when it had this pattern earlier it fell up to 20 percent!!
this time?? 172 level??
[Intraday] Exide Buddha TradeIt is illiquid. So be cautious. Don't touch fut as it is in settlement too.
Sell on Channel BreakdownChannel and Major Support in sight.
Can short once they are broken.
Note: Do your homework before taking a trade
is it perpetual short???? big head and shoulder!!!it has given very scary breakdown!!
sell
csl:200
Target: 172 if it breaks then as per pattern it will slide into 135-140 (in 3-4 month) region!!
Perfect Textbook definition for Support BandIn the Exide Industries weekly chart we can see the previous resistance band had turned into support band and share is taking support around 190-195 band. This is classic example of how past resistance turns into support and it took support and reversed from there multiple times.
Bullish Bat - ExideInd - 4hr Bullish Bat - ExideInd - 4hr
PRZ: 204-206
SL: 202
TGT: 210, 212
06-06-2019
