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Exide India - symmetrical traingle

Discussion in 'Technical Analysis' started by sujan4bw, Aug 25, 2012.

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  1. aveerareddy9

    aveerareddy9 New Member

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    sujan exide gone ........152 .... good call by you ... asking to wait for today's correction for entering in it

    Any fresh buy is worthy now?
     
    aveerareddy9, Oct 19, 2012
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  2. verenmitter2001

    verenmitter2001 Member

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    Hi All

    Exide droped suddendenly by 11 rs.
    Any reason for such sharp fall
    veren
     
    verenmitter2001, Oct 19, 2012
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  3. sujan4bw

    sujan4bw Member

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    Exide is having good support in range of 148 - 150. Do not take position today...you can watch momentum on monday.
     
    sujan4bw, Oct 19, 2012
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  4. sujan4bw

    sujan4bw Member

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    Exide announced its results today. May be traders would covering thr positions however results might be.
     
    sujan4bw, Oct 19, 2012
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  5. aveerareddy9

    aveerareddy9 New Member

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    Update about EXIDE:

    Exide Results were lower than our estimates. Margins are lower than estimate by ~300 bps. PAT at Rs. 120 cr is lower than our estimate. Immediate impact is negative
     
    aveerareddy9, Oct 19, 2012
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  6. sujan4bw

    sujan4bw Member

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    So time to wind up all long positions. Shabbir pls comment.
     
    sujan4bw, Oct 19, 2012
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  7. verenmitter2001

    verenmitter2001 Member

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    we are actaully waiting for your comments as I could not exit this stock at high.
    As per calculation it is getting good support at 150-148 so we can still expect our previous target of 165-170
    Please do comment on this as i have to take decision on monday.

    Regards
    Veren
     
    Last edited: Oct 19, 2012
    verenmitter2001, Oct 19, 2012
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  8. sujan4bw

    sujan4bw Member

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    Yes its having strong support at 148 - 150 range....but again wait and see how traders react on stock on monday.
     
    sujan4bw, Oct 19, 2012
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  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Technically I don't find any problem in exide, It is in uptrend by yearly, monthly and weekly charts.
    The fall of more than 8% in a single day is just a result reaction but according to me Quarterly result is lesser reliable compare to yearly result, so my view is still bullish in exide as long as it is trading above 139-140 level.
    If it breach that level than only we can say showing weakness.
     
    sanjay_sansanwal, Oct 19, 2012
    Share #89
  10. shabbir

    shabbir Administrator Staff Member

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    Missed one rule which is never wait for the result outcome. Infact never wait for any news outcome and trade should be covered runup to the news always.
     
    shabbir, Oct 19, 2012
    Share #90
  11. shabbir

    shabbir Administrator Staff Member

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    Bad news and then expecting previous target would not be recommended. Get out with minimal loss because if it is something really bad, price will be telling you everything.
     
    shabbir, Oct 19, 2012
    Share #91
  12. spmuralisp1

    spmuralisp1 New Member

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    Exide industries

    Dear Sir,

    what is the outlook of Exide industries as a Technical and fundametal..my entry point 140 for next 3 months

    Thanks
    SP.Murali
     
    spmuralisp1, Oct 31, 2012
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  13. shabbir

    shabbir Administrator Staff Member

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    I would not enter into this stock as of now because 165 to 140 was a steep fall and so wait for few trading sessions to see if 140 holds or not.

    Fundamentals don't matter for 3 month time frame
     
    shabbir, Oct 31, 2012
    Share #93
  14. kksudin

    kksudin New Member

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    Is Exide a good buy again? Today closed at 144
     
    kksudin, Dec 20, 2012
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  15. shabbir

    shabbir Administrator Staff Member

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    Yes with a strict stop loss of 135
     
    shabbir, Dec 20, 2012
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