Exide #MegafoneExide: Add more on close above 229 with
revised stop 215 Targets 250-270
Rationale: Higher low formed @ 215 within megaphone,
high volume with rise in price against drop in volume
while price going down, price above key MA
EXIDEIND trade ideas
EXIDEIND -- HIGH PROBABILITY SETUP.As it sees it forms a descending triangle in 30 in time frame + volume + rsi + at a fib .38% level on a daily chart + having long trend line support as well.
For Day trader - Buy above 219 stop loss 216 TARGET- 222 224 228.
For other trader- buy above 220 stop loss 205 TARGET- 230 240 250. In a case of downward breakout initiate buying in the range 206-211 stop loss 200. Target same.
Exide IndustriesShort 225 CE @ 2.25 .... 2.25*4000=9000 profit if exide stays below 225 at expiry
Short 195 PE @ 0.45 .... 0.45*4000=1800 profit if exide stays above 195 at expiry
EXIDE reversal from RESISTANCE ZONE, THETA DECAYEXIDE reversed from its resistance level.
For THETA DECAY-
For conservative entry one can sell EXIDE SEPT 230CE at 1.45 with a lot size of 4000 for a potential profit of 5800.
For aggressive entry one can sell EXIDE SEPT 225CE at 2.3 for a potential profit of 9200.
Our take profit is at the level of 61.8% based on Fibonacci lines.
hourly chart price showing exhaustion, wh en price run up away from the moving average , the y tend to retrace it and take the stride inn the forward direction, eide is buy as long it stays a bove the 213. one shhould watch out for price action
EXIDEIND - Bounce from the SupportEXIDEIND went down sharply today (Sep 13) due to the sharp selling in almost all Nifty Stocks. It reversed from the support zone around 216.
on 14th, watch the candle and enter on the green candle. If its shows downtrend, enter if it rebounds from the support.
Entry: 216
Target 1: 228
SL: 215
Target 2: 231
SL: 224
Exide Ind LongIncrease in OI with increase in price. Little drop in OI with fall in price. Delivery > 50% . News positive .
exide ind at support, reversal expected.in weekly, hammer formed at horizontal support
also hidden bullish divergence seen in weekly,
in daily, regular bullish divergence seen
sl - 193 tgt1 - 220, tgt2 - 250
EXIDEIND retesting resistance zoneEXIDEIND price action retesting the resistance zone near 205. made cup and handle breakout at 205. go long for target of 240 keep stop loss below 190. from last three week stock is holding 193 has strong support zone.
Long On Pull back Those who missed this ride can look for entry on Reversal sign near entry price
Stop would be -2 Point and target is 226+
regards
Exide Bearish Bat formeda bearish bat has been formed, will enter into the trade when we 2nd red candle breach low of 1st red candle
target 1: 0.382
target 2: 0.618
Long ExideBroken channel may go to 226 and 232 levels after retracement as in charts . Buy when it retrace at 213
Exide : Breakout of downward channel consolidationBuy Exide in range 215-219 stop 205 Targets 250-270
Rationale: Breakout of downward channel
with high volumes, price took support
@ 61.8% retracement and eventually breakout
EXIDE BREAKOUT COMING SOON!!!CMP: 204
TGT: 213, 223, 239, 247
SL: 196
Nice price action, bouncing from support areas. Seems bottomed out on daily and weekly charts. Can go long as decending triangle breakout coming soon.
Disclaimer: I am a novice at charting and this chart is for educational purposes only. Views and opinions are welcome.
EXIDEIND: Time to go long in Ancillary Industries...... Detailed plotted on Chart.
Go Long @ LTP +/- 1%
More accumulation Level @ 198.70 - @ 195
Intra / swing levels / TARGET:
@ 206.5, @ 207.4, @ 208.9 - @ 209.95 9HZ), @ 212.8
* More Updates on Market Hours, as Scenario Change.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
