EXIDEIND trade ideas
EXIDE INDUSTRIES BUY 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 after a long time
4. Trend line Break and retest
5. EMA above 50 level .
Buy @180-185
SL @157 -160
Tgt1@200
Tgt2@235
Tgt3@275
EXIDE BREAKOUTExide 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.
EXIDEIND - Long Setup, Move is ON..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. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#Educational #Automotive #Exide Ind.- LongExide Ind. :
> Trading in a range but looks like it will break the zone.
> RSI showing strength.
> Significant changes in volumes.
> Taking support on 200 EMA.
> Short time : Buy above 185,SL 177, Trg. 190/195.
> Mid time : Buy above 195, SL 185, Trg. 205/210.
Bearish Engulfing Pattern on Exide.Bearish Engulfing is a popular candlestick pattern used in technical analysis to identify potential trend reversals in the stock market. When applied to Exide Industries share, which is currently facing resistance, the Bearish Engulfing pattern suggests a potential downturn in the stock's price.
The Bearish Engulfing pattern consists of two candlesticks: the first is a bullish candlestick, followed by a larger bearish candlestick. The bearish candle completely engulfs the previous bullish candle, signaling a shift in market sentiment from bullish to bearish.
In the case of Exide Industries share, the presence of the Bearish Engulfing pattern implies that the stock is currently facing resistance, indicating a level at which selling pressure outweighs buying pressure. This resistance level has prevented the stock's price from moving higher, suggesting a potential reversal in the prevailing uptrend.
The Bearish Engulfing pattern, coupled with resistance, suggests that traders and investors should exercise caution when considering bullish positions or holding onto existing long positions. It signifies a change in market dynamics, where bears may gain control, leading to a potential decline in the stock's price.
As with any technical pattern, it is important to consider other factors such as volume, overall market conditions, and fundamental analysis before making trading or investment decisions. Traders and investors should monitor the price action and volume closely to confirm the validity of the Bearish Engulfing pattern and the resistance level to determine the future direction of Exide Industries share. NSE:EXIDEIND
Inverse Head & Shoulder breakout on Monthly chart Considering the movement in the Auto sector and the major revolution going on in the EV industry, it is very likely that this stock can perform well in the next 6 months to 2 years.
1. the "Inverse Head & Shoulders" pattern has a clear breakout on the monthly charts.
2. The volumes are also increasing.
3. Target could be the all-time high price in a period of 6 months to 2 years.
Stop loss - below the current swing low on the monthly chart.
Disclaimer: This is for educational purposes only; kindly consult your financial advisor before investing.
-> Not a recommendation
Trendline BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose