EXIDEIND. SHORT @ 258.00It’s a clear INSIDE BAR FALSE BREAKOUT candle stick pattern with the breakout of the SUPPORTING TREND LINE.
Short @ 258.00 and take your profit at nearest support level.
EXIDEIND trade ideas
BUY EXIDE ABOVE 272 TARGET 280-290++ SL 265.7Why Exide today - First Break-out near 268.5 !! But if it crosses 272,
we will see a very good upmove which is due from very long (may be 277-283 level)
A bit market support required.
Inverse Head & Sholder ReversalI've observed nicely formed Head & Sholder Reversal pattern. It has given good breakout and retesting the Neckline from above which offers a good opporutunity to go long with the following details
Entry 262
SL 255(closing)
Target 284
Risk/Reward Ratio above 3.14
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Analysis of Exide Industries no clear trend Exide is a buy above 275 SL 260 Target 300+
Exide is a sell below 260 SL 271 Target 245
how does a momentum picking showup ??at double/triple tops/bottoms, if the consequent points are making with ascending/descending MACD/RSI/Volumes...
that relation shows if sth is cokking
it shows if the stock is gaining momentum or is looking weak
(i call this bottom fishing) well pros look for a confirmation i guess.. but this is chart reading- no calls
chart is self explanatory
BUT
discussions are open
EXIDE/LONG/ENTRY 242/STOP LOSS 236/TARGETS 252-258-266EXIDE LOOKS GOOD LONG AT CURRENT LEVELS OF 242 FOR A FEW WEEKS WITH A STOP LOSS OF 236
FOR TARGETS
T1-252
T2-258
T3-266+
FOR EDUCATIONAL AND STUDY PURPOSE ONLY
CONDITIONAL STBT IN EXIDEINDCONDITIONAL STBT IN EXIDEIND
NOVEMBER FUT
SHORT IF CLOSES BELOW 240
SHORT@240
STOP@242
TARGET@233
LOT:2000
QTY1
EXIDE INDS in a accumulation zoneEXIDEIND can show a upmove from here. We will wait for a Decisive close above EMA20 & EMA200. For risk takers , they can enter after Bullish engulfing or Hammer candlestick pattern and place a stop at the low of range
Exide1) Forming H&S pattern
2) Trendline crucial if breaks- stock should fall atleast 20%
3) Globally there has been slowdown in Auto demand
4) MACD has bearish crossover
EXIDEIND: SELL at 253.4 Stoploss 259 Target 242.4EXIDEIND traded 5 times its average volumes and broken down the triangle pattern.
SELL at 253.4
Stop-loss 259
Target 242.4
I am not SEBI Registered technical analyst. Consult your Financial Adviser before investing
CONDITIONAL STBT IN EXIDEIND NOV FUTCONDITIONAL STBT IN EXIDEIND
NOVEMBER FUT
SHORT IF CLOSES BELOW 250
SHORT@249
STOP@253.5
TARGET@242
LOT:2000
EXIDEIND: TRADE STUP COMMING SOON (TRIANGLE PATTERN)Check out EXIDEIND. A Trade setup is possible very soon. Either a breakout or a breakdown the triangle.
This is NOT an investment recommendation nor I am a SEBI Registered Technical analyst.
Invest only after consulting your financial adviser.
EXIDEIND Inside Bar Tradebuy if it breaks PDH with a stoploss at PDL
sell if it breaks PDL with a stoploss at PDH
