Exide Industries out of consolidation and ready to take off.After a period of consolidation 📉, Exide Industries seems to be building a solid base and is showing signs of renewed bullish momentum 📈. Recently, it also bounced from its 200 EMA, which is an important reversal signal 📊, indicating a potential shift in market sentiment. The consolidation phase likely allowed the market to absorb earlier gains, setting the stock up for its next upward move 🚀. Investors might see this as a prime time to enter, with the potential for continued growth looking promising based on current technical indicators 🔍.
View invalidates below 400 on daily close.
Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
Exideindustries
exide updateIt seems that exide industries has completed a sequence of the 5 wave upside (terminal impulse) and we are correcting against these 5 wave completed. As the terminal impulse has a quality that it may retrace to 60-78% of the upside move, a rectangle is placed for the correction completion indication, the longs may be initiated in the rectangle area, we will then start a wave 3 upside.
This is an update to the earlier published idea.
this is not a buy or sell recommendation and is to be considered as an educational idea.
Exide Industries Set for a Bullish Rally, Target ₹577.75Exide Industries is showing a strong reversal and bullish momentum after a 10-13% correction, making it an attractive buy for swing traders. Currently trading at ₹502.40, the stock is poised to rally ahead of its quarterly results, with a target of ₹577.75 and a stop-loss at ₹465.60.
Key Technical Insights:
The stock is in a bullish reversal after its recent correction, suggesting that upward momentum is regaining strength.
Multiple RSI indicators are above 60, confirming bullishness on both the weekly and monthly charts.
Unlike most other stocks and indices that saw a 4-6% correction last week, Exide Industries remained bullish, a sign of strong relative strength in the current market.
With quarterly results due on 04 November, the stock may see a pre-results rally, similar to the more than 10% rally it experienced after the previous quarter’s results.
Conclusion:
Exide Industries presents an excellent swing trading opportunity, with a target of ₹577.75 and a stop-loss at ₹465.60.
The bullish momentum, both technically and in anticipation of upcoming results, makes this stock a strong pick in the current market environment.
Disclaimer: This is for educational purposes only and not financial advice. Please do your own research before making any investment decisions.
THIS IS EXIDEIND FOR LONGTERM INVESTMENTAs we can see stock is not very bearish as per volume fall and price fall.
Stock trading above 20 50 100 200 ema on the day
on weekly and monthly chart double bottom formation
a bullish crossover on daily and weekly
Golden crossover on 20th Oct
1st-time breakout attempt with heavy volume but can not sustain about 175
2nd-time breakout rounding bottom with good volume and sustain above 175
RSI65,
stock can retest as shown in the chart plan accordingly. in the chart, there are two long positions you can make but you the different risk-to-reward ratios you'll get.
educational purposes only!
Exide - Elliott Wave CountExide - Elliott Wave Count
Exide seems to have completed its correction and started a new upward impulse wave with a target of 300. However, if the market drops below 240, this view is invalid.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:EXIDEIND NSE:EXIDEIND1! BSE:EXIDEIND BSE:EXID1!
EXIDEIND--Consolidation ??Observations::
-------->> the stock is consolidation for more than a week, and today showing large sell off,
and now price is @ demand zones, keep track this levels 185.if price breaks 185 level it will reach 182 and 180 levels. keep on buy side from here.
-------->> We have strong buy ness is observed in these levels, look for buying at these levels. keep track this levels.
ExideInd1!27-11
Daily chart of ExideInd1!
Manual trend and 200 EMA are bullish so the strategy stands at buy on dips.
Expect a strong breakout if the resisting trendline is breached because the resistance at 186.40 was broken and the bullish candle is a strong one.
Multiple supports at 176.80 & 166.05 (manual) and 162.25 (200 EMA).
Wait for a dip or wait for a breakout to trade.
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.