EXIDEINDNSE:EXIDEIND
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Trade ideas
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.
Eg.2: Viewing Break of Market Structures as Broken Expectations Another example of how market structure breaks can be viewed from a perspective of broken expectations of either parties (buyers or sellers). If you were a buyer or seller, where would you be getting involved? Had you gotten involved, would your expectations have been met? If not, how violently were they broken?