EXIDEIND trade ideas
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
BUY EXIDEIND ABOVE 178 Target 191/205/228 Stop Loss BELOW 170The results in the fourth quarter is above expectations and on the price action again touching the covid low's support line which is a good enough indication for the reversal and further up trend . Traders can follow the above mentioned targets with given stop loss.
EXIDE IND 1 DAY ANALYSIS FOR SWING WAIT FOR 188 TO BREAK AS EXIDE IND HAS SHOWN SOME VOLUMES AS WELL AS DUE TO THE FUTURISTIC VIEW FOR ELECTRIC VEHICLES
BATTERIES STOCKS ARE MORE ON FOCUS SO INVESTOR CANT MISS THE OPPORTUNITY TO BUY ON DIP OR ANOTHER SWING
STOCK IS ON EXTREME SUPPORT SO WE WILL ENTER AFTER OUR LEVEL GETS BREAK WITH HIGHER HIGH FORMATION