Fundamentals-
1)One of the biggest players in battery space.
2)Maintains its monopoly in the sector.
3)Excellent sales/growth/PAT numbers.
4)Virtually no debt(has increased leverage in last 1 year still not a big negative).
Technicals-
1)Broken the 2 year upper resistance.
CMP-210(20th Feb'2017)
1st target-230(5 months)
Disclaimer : I am a private investor who...
Exide is trading above its 34, 50 EMA .
the blue band has been a zone of resistance for 5 years now !!
exide presently is trading above the blue band and if one closely sees has been consolidating at 190 odd levels for a few weeks now !
it did try n break the red TL but coudnt ! its now again approaching the red line !
keep and eye on the stock !
one can start...
exide is in down trend. this stock is trading with in big candle.
we can sell this at iner trend line 176
with target of 161 witch is 50% fib level of entire bull run
enjoy this tred
Exide industries formed Big Candle on daily graph. we can trade this set up my three way.
Trade1:Buy with SL of 166 Target 180( BIG Candle high)
Trade2:Buy above 180 closing basis Target 192
Trade3: Sell below 168 closing basis Target 157
Exide Industries has been trading in bearish channel in my previous analysis I advised to go long up the channel resistance which it has almost touched, now it is trading at the edge of channel resistance and may reverse from here, traders may enter short somewhere between 178-179 with a target of around 162-160 which is strong support also 50% fibo level. it is...
Exide Industries has been trading in bearish channel and trading in range between trend line support and resistance. we may see some up side movement up to its trend line resistance and fibo 23% level and short again from there with a target to its support. if market open red trades may wait to enter long slightly todays low around 170-172 and enter long with a...
Exide Industries after a long term journey seems coming to an end, it recovered after touching its first support giving trader a better opportunity to enter this stock short. if formed a shooting star candle stick signal, traders. if market open gap up then it may trade further upside with a target up to 205.00 or alternatively if open in red it will head in down...
Exide Industries after a long up trend journey seems coming to an end. it retested level before breakout, today. it recovered after hitting 173, giving traders a better opportunity to enter short at better price, traders may go short in this stock at CMP, it has formed shooting star candle stick signal also. Before entry look for open,if open gap up then go long...
NSE:EXIDEIND
Exide industries is in Multiple-time frame Bullish trend and is breaking out of a flag after consolidation. MACD divergence indicates bears losing power. One can expect sudden and swift movements from this script.
Profit target: 220
Stoploss: 184
Warning: 26th October is Result date for Exide. Trade with caution and stoploss.
In the above chart, I have indicated a Breakout from a rectangular consolidation and simultaneously Eliottt Waves action in order to showcase the importance of both in Technical Analysis.
After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action...
After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up.
As per Elliott Waves, there is completion of Regular Flat...
