Sunday, June 23, 2013



Exide Industries looks oversold and seems to be at support line. 115 to 117 seems to be support area. Stock may see a bounce from this levels. One can go long on the stock in this range with SL at 114.6

RSI & STOCHASTIC are showing some +ve divergence. Stock is also little far from 12 DEMA.

Stock may see the levels of 126 to 127 if start moving up.

1 comment:

  1. Till now stock is not acting as we expected. May be we see similar act like SBI. Lets see where stock moves after forming base in this range.