EXIDEIND trade ideas
EXIDE - Might excite buyers laterExide is taking its own sweet time in the downtrend. While it is now at the tip of the strongest support it ever had, it will be perilous if that price range is broken.
Will need to observe what it folds like this week. I am expecting the price to bounce back from these levels.
EXIDE shorting possibility for positional trade.NSE:EXIDEIND
The video is self-explanatory.
Looking good for a 12% shorting position with a risk of 4-5%.
Manage your risk properly.
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EXIDEINDNSE:EXIDEIND
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Exide Industries - BearishHi All,
Here is my Observations on Exide Industries :
1. For many months, Exide Industries is trading in a channel pattern, in all time frames.
2. In a weekly timeframe, its inclining channel from Mar'2020 to Apr'2021.
3. In a weekly timeframe, its declining channel from Apr'2021 to till date.
4. All ups are matching with rising buy volume and all downs are matching with rising sell volume (marked in falling arrows).
5. This stock may fall up to Rs.150 and bounch back to reach Rs.177 and fall again.
Few Fundamental Analysis:
1. 10th position in terms of market valuation (Rs.13k crore) in its industry.
2. Annual Net Profit is lesser than '20 and '19 year.
EXIDEINDNSE:EXIDEIND
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Bullish Flag patternThere is a bullish flag pattern. look out for a breakout candle tomorrow above the upper flag line. The stock must go up if it breaches the top line with a bullish candle.
view expressed is for educational purpose. Consult your financial advisor before taking any financial decision.