Excitement in Exide Industry | Volumes Supporting Breakout
Updated
Hello Traders and Investor,
We have seen bullish flag kind of pattern in Exide industry, now it has given breakout of previous all time high, and volumes supports this breakout, there is higher probability we can see this trending momentum continuation few more days. Price is above 200-EMA, and earlier we have seen 21-EMA has given crossover of 50-EMA. MACD also has given bullish crossover, All these parameters suggesting a upmove in this Battery Stock. So if any body wants to go long can go with given levels, and let me tell you guy's this is really good fundamentally and technically strong stock with good management and it has really bright future as EV theme. So accumulate accordingly, for trading related levels are already there, for long term just accumulate more if you see dip in stock or do SIP.
About Company:- Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. The company manufactures batteries for automotive sector like 2 wheeler, 4 wheeler, 3 wheeler, E-rickshaws and H-UPS. It manufactures batteries from 2.5 Ah for 2-wheelers to 260 Ah for Non vehicular. It also manufactures for industrial use from 7 Ah to 3200 Ah for multiple applications and for submarine uses too.
Market Cap
₹ 23,894 Cr.
Current Price
₹ 281
High / Low
₹ 282 / 170
Stock P/E
27.5
Book Value
₹ 147
Dividend Yield
0.71 %
ROCE
10.2 %
ROE
7.28 %
Face Value
₹ 1.00
Debt
₹ 743 Cr.
EPS
₹ 10.2
PEG Ratio
14.7
Promoter holding
46.0 %
Intrinsic Value
₹ 249
Pledged percentage
0.00 %
EVEBITDA
13.4
Change in Prom Hold
0.00 %
Profit Var 5Yrs
1.87 %
Sales growth 5Years
3.32 %
Return over 5years
2.67 %
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
We have seen bullish flag kind of pattern in Exide industry, now it has given breakout of previous all time high, and volumes supports this breakout, there is higher probability we can see this trending momentum continuation few more days. Price is above 200-EMA, and earlier we have seen 21-EMA has given crossover of 50-EMA. MACD also has given bullish crossover, All these parameters suggesting a upmove in this Battery Stock. So if any body wants to go long can go with given levels, and let me tell you guy's this is really good fundamentally and technically strong stock with good management and it has really bright future as EV theme. So accumulate accordingly, for trading related levels are already there, for long term just accumulate more if you see dip in stock or do SIP.
About Company:- Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. The company manufactures batteries for automotive sector like 2 wheeler, 4 wheeler, 3 wheeler, E-rickshaws and H-UPS. It manufactures batteries from 2.5 Ah for 2-wheelers to 260 Ah for Non vehicular. It also manufactures for industrial use from 7 Ah to 3200 Ah for multiple applications and for submarine uses too.
Market Cap
₹ 23,894 Cr.
Current Price
₹ 281
High / Low
₹ 282 / 170
Stock P/E
27.5
Book Value
₹ 147
Dividend Yield
0.71 %
ROCE
10.2 %
ROE
7.28 %
Face Value
₹ 1.00
Debt
₹ 743 Cr.
EPS
₹ 10.2
PEG Ratio
14.7
Promoter holding
46.0 %
Intrinsic Value
₹ 249
Pledged percentage
0.00 %
EVEBITDA
13.4
Change in Prom Hold
0.00 %
Profit Var 5Yrs
1.87 %
Sales growth 5Years
3.32 %
Return over 5years
2.67 %
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Note
made high near to 1st target Note
This was also a perfect trade guy's, it has achieved all our targets and went beyond the targets. Price is getting ready to blast fpr more upside from here, it has taken support at our final target 315., Seems it is getting to ready towards 360+ in coming months
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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