EXIDEIND trade ideas
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!
Exide industries analysis by wave theory !!Hello friends its weekly chart of Exide Industries
Those who are like to buy a cheap share for their portfolio can look toward Exide industries, Buy Exide life between 130-140 with stop loss 112
for toward 171-190-220
Thank you
EXIDEIND may drag towards the big bull rally at this levels.EXIDEIND last time a big bull rally from this levels because demand is getting increasingly bullish on this counter now we can see In the short-term, the stock may try to bounce back. It finds immediate support at ₹167 and a crucial one at ₹163. A close below the latter could trigger another bout of selling that could drag EXIDEIND below the ₹150 level.
ExideWe can see in this setup that price is taking support at 50% Fibonacci level from previous high and also the price is trading above the two EMA channel, once it gives green shoot above Green line of EMA then one can go long or else if it goes below lower EMA line and breaches 38% Fibonacci line on the downside and gives a close there then go short
LONG POSITIONTRACK LIST EXIDE INDUSTRIES
BUY ABOVE- 195.05 (VALIDITY FOR 3 DAYS)
TARGET PRICE- 235
IF UNABLE TO BREAK 195.05 WHITHIN 3 DAYS LEAVE THIS STOCK AND WAIT
Long - if breaks Three drive patternAs per bullish three drive pattern, ExideInd in long position. And once breakouts the pattern position for Long and the target should be @ Fib 1.272 and 1.618
202.PA. 214 or 218 might be good short pointMany times Market does not provides good and ideal entry points for short. Hence needs PITS for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)).
Disclaimer: Set-up shown here is only for Educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisory before your execution of any recommended trade.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on passive analysis (PA) or static analysis for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on real-time Active Analysis (AA) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, news, major economic data release etc may impact the deviation from the assumed scenarios.
