NSE:EXIDEIND
✅ #EXIDEIND trading above Resistance of 261
✅ Next Resistance is at 304
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This...
CONCEPT OF TWIN TRENDLINE
Long term wealth is generated through capture of trending move in a stock. The skill is in reading the chart and determining whether the trend has commenced. There are several means which are widely used to find the trend:-
-Oscillators
-EMA and its slope.
-Darvas box
-HH & HL market structure
-Formation of pivots
-Elliot Wave
All above...
Please Refer the Chart of Entry, Target and SL.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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#EXIDEIND
#EXIDEINDUSTRIES
Sell formation
support 247.70
selling pressure till 220
buy zone 215 , 194 177
best buying price 146
after 244 sharp selling
Short position can be opened at current levels with stop loss at resistance line as mentioned in the chart.
Upon breaching the resistance line on daily closing basis it will open upside target 1.
Please do your own research before entering any position.
the stock has given a breakout in a such weak market and is treading above the 20,50,200-day moving average which shows strong momentum, RSI in the daily chart is above 60 showing strong momentum can be initiated in a long position with an SL of 181
Buy exide @337.5 with Stoploss of @235.5
You can go for the target @244
Exide is looking good at technical point of view Risk and Reward ratio is very good at this Trade
Intraday view - EXIDE closed at 232.40
Exide has resistance @ 235/237. Am expecting a nose dive, downside view of 228, 226 on intraday basis. Keep stoploss at 235.50 (15 Min closing basis).
EXIDE after a good run has now been consolidating in a range and making a flag and pole kind of structure . Post successful breakout it can definitely get the desired targets ..
Exide Ind. formed a double bottom pattern and broke out. A promising stock for future investment. Because EV will dominate in the coming years. This is a safe bet.
Target: 374
SL: Yours
NSE:EXIDEIND traded today above the right shoulder officially making a failure of head and shoulders pattern. The Failure of head and shoulders pattern is one of the most profitable patterns.
EXIDE INDUSTRIES NSE:EXIDEIND : Time Frame(TF) : Weekly , wait for the price to come @ 180 and then buy on 200 MA Support level .
Reason to buy : 1. Took a retest on fib retracement level of 23%
2. Supply level strong 200rs level , major confirmation after that .
3. Major battery companies showing momentum...
Exide looks strong on weekly chart by breaking falling trendline resistance with good volume jump and breaking Bollinger upper band too and gives a bullish closing on above both so that we can see coming bullishness in this counter.
Cause of long-:
1- Falling resistance breakout.
2- Bollinger bands breakout.
3- Volume breakout.
NSE:EXIDEIND
✅ #EXIDEIND trading above Resistance of 216
✅ Next Resistance is at 261
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
