EXIDE INDS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving in up channel pattern and took 50 DMA support , further strength expecting once closes above 172. (Updated on 03rd September 2014, Wednesday).


  • As per previous report published on EXIDE INDS, stock failed to closed above its trend line resitance @ 170, but after breaking its resistance gave intraday Rs.2 up move and made a high around 172 and then closed below. (Click here to see previous report published on EXIDE INDS).
  • Now current charts indicates that stock is still moving in a up channel formation, will favor bulls as long as it moves in its channel formation, bears will have a grip once it comes out from up pattern. On upper side Exide will be facing trend line resistance around 172, once Exide closes and holds above 172 then bull will take it further up for next few trading days.
  • As per technical stock analysis, graph no2, 50 days moving averge is playing a imp. role in Exide Inds, as long as stock holds above 50 DMA it will be favored by bulls, But when stock closes below 50 DMA then will give first sign of weakness. On upper side watch out for resistance @ 172.
  • According to Graph no3, if stock moves up from current levels and closes and holds above 172 then bulls will be active and they will find next strong resistance @ 181 its 161.8% fibonacci retracement.
  • As per weekly chart shown in image 4, last week Exide has formed doji, usually it indicates change of trend and sharp move. Close Watch @ 172, if breaks it nearest resistance we can see some action.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips