Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered advisor. Please consult your financial advisor before making investment decisions.
🔎 Weekly Chart Observation
From May 12th to August, the stock consolidated between ₹365 (support) and ₹410 (resistance).
Recently, a strong bullish candle has formed on the weekly timeframe, hinting at a possible breakout.
Consolidation range: Low = 365 | High = 410.
📈 Daily Chart Confirmation
On the daily timeframe, the price has broken above the 200 EMA, showing strong momentum.
CMP: ₹396.
Stop Loss (Closing Basis): ₹365 (consolidation low).
🎯 Targets
Target 1: ₹475
Target 2: ₹535
Target 3: ₹618 (extended target, top of consolidation projection)
⚖️ Risk-Reward
Entry: ₹396
Stop Loss: ₹365
Risk–Reward Ratio ≈ 1:7.25 (for second target ₹535).
📌 Summary:
Exide Industries is exhibiting a strong weekly breakout from consolidation, supported by a daily breakout of the 200 EMA. The setup presents an excellent risk-reward opportunity, with clear targets and a well-defined stop-loss.
🔎 Weekly Chart Observation
From May 12th to August, the stock consolidated between ₹365 (support) and ₹410 (resistance).
Recently, a strong bullish candle has formed on the weekly timeframe, hinting at a possible breakout.
Consolidation range: Low = 365 | High = 410.
📈 Daily Chart Confirmation
On the daily timeframe, the price has broken above the 200 EMA, showing strong momentum.
CMP: ₹396.
Stop Loss (Closing Basis): ₹365 (consolidation low).
🎯 Targets
Target 1: ₹475
Target 2: ₹535
Target 3: ₹618 (extended target, top of consolidation projection)
⚖️ Risk-Reward
Entry: ₹396
Stop Loss: ₹365
Risk–Reward Ratio ≈ 1:7.25 (for second target ₹535).
📌 Summary:
Exide Industries is exhibiting a strong weekly breakout from consolidation, supported by a daily breakout of the 200 EMA. The setup presents an excellent risk-reward opportunity, with clear targets and a well-defined stop-loss.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.