Bull Put Spread EXIDEIND 29JUN2023 202.5PE Buy @3.2 EXIDEIND 29JUN2023 205PE Sell @4.2 Net Credit ₹ +3,600 Max. Profit +3,600 (11.32%) = net credit Max. Loss -5,400 (-16.99%) Max. RR Ratio 1:0.67 Breakevens 204.0 Margin req to trade 35000 (aprox.)
#EXIDE trading 158.95 formed bearish pattern, Today trading our retracement level, we can sell below 157 and tgt 152 SL: LIVE
#EXIDEIND trading 158.95 formed bearish pattern, Today trading our retracement level, we can sell below 157 and tgt 152 SL: LIVE
14/03 educational purpose only buy on dips, cmp 155.15 SL below 150 target open
Reasons to buy: -Predicted MACD Crossover -RSI almost at threshold No volume indicator though, hence it is a speculation but looks good to attempt!
Buy zone 165-170 Target 200 View negated below 158 daily close Thanks Jigar Pateel 8898030401
#ExideInd is a perfect investment candidate at current levels with a minimum holding period of 1 year. Stock has given #SymmetricalTriangle breakout in weekly TF. RSIStairs forming HH and above 50 on weekly. 155 level is resistance turned support for the stock and may not be broken soon. Stock is a slow mover and will take time before trading higher. Better to...
a. Zone: Strong Bull b. Resistance 1: 169.30 c. Resistance 2: 176.30 d. Support 1: 155.20