Exideindustries
Exide industriesExide industries has given Inverted Head and Shoulder Pattern Neckline Breakout
Looking Bullish
One can go Long with Stop loss of 184.70
All the key levels are mentioned in chart with Stop-loss and Targets
Inverted Head and Shoulder Pattern Neckline Breakout
Intensity of Volume at Breakout is Good enough
Key Levels are Mentioned on chart
Macd in daily positive and Uptick and also above zero line
Macd in hourly positive and Uptick and also above zero line
Upper Bollinger Challenged by PRICE
Rsi in hourly above 60
Adx and DMI Positive
EXIDE - Multiple confirmation trade opportunity - Swing TradeThe above analysis is done purely based on price action and chart patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
(This stock was analysed few months ago as well. To check that analysis, see the idea linked below)
The logic behind this analysis is explained in image itself. It is a multi-confirmation trade opportunity.
(Pls note that even after multiple confirmation, there's always a chance of trade going in opposite direction, hence trade as per your own risk management & position sizing)
Entry can be made between 190-CMP.
Targets and SL is shown in image itself with proper logic.
The zoomed-in image to show the formation of morning star reversal pattern at 0.618 Fibo level is below -
Zoomed-in image showing formation of Bull Flag pattern is below -
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. [/ b]
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
EXIDE - Intraday or Very short term swing tradeThis analysis is purely based on price action & chart patterns
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself.
Entry to be made only when reversal sign appears. Don't chase the stock
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
EXIDE INDUSTRIES - Ascending Triangle Pattern (Swing/Positional)This study is purely based on Price Action and Chart Patterns.
Reasons/Logics for going long is explained in image itself.
Trade strategy -
For Risk Taking Traders - Entry point would be above the high of next green candle or above 170 level - (ENTRY-1). SL is marked below the double bottom for Entry-1
For Risk Averse Traders - Entry point would be on the high of breakdown candle or on high of retesting candle (retesting the recent supply zone and taking it as support) - (ENTRY-2). SL is marked for Entry-2 as well.
This is for short term positional or swing trade.
SL should be trailed accordingly once the trade is initiated.
*This analysis is purely for study purpose, enter the trade at your risk and money management*
Comment for any further queries.
Exide Industries : H&S pattern on 15 min chart#EXIDEIND form the Head&Shoulder reversal pattern on 15 min chart. Level 160 is very strong resistance. If level 157.90 will break then stock can see pullback on level 156.65 and if face resistance from 157.90 then bottom target will be 153 while support on 152.35
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Support : 156.65 and 153
Breakdown : 157.90
LTP : 159.15
Breakout : 160.10
Long Target : 162 and 165
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
Continuation to the UpsideExide looks like it completed a running flat - a sideways move, after the initial upmove. I expect an upmove next, in the same direction of the first move. I see a low risk , high reward setup here. The initial upside target could be the "b" point of the flat and there is a good chance it can continue moving up after the initial target. Its a classic continuation pattern.
** This is not a trade advise**
Exide Industries Short setup By elliote +Price Action Breakout Hello friends, Price is becoming narrow in lower value expected to move toward gravity price within days.
you can take Short entry in Exide Industries !!
Thanks
If you want long term analysis then you can check the link below price is moving according to our level thanks!