Exide Industries Ltd. CMP—Rs 149.90
Technical Outlook & Trading Strategy:-
The share price of Exide Industries has closed near to its support level of Rs 148. This is an important support level. With the price decline over the past few sessions, there are indications that the stock price might violate this support in near future.
Traders should look to initiate short positions on a breakdown of Rs 148 for price targets to levels of Rs 143/ Rs 140.
We recommend all sell positions be protected with a stop placed above Rs 152.60 levels.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment