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.
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.
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