Hi 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.
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.