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Exide Industries to continue trading in bearish channel

Long
NSE:EXIDEIND   EXIDE INDUSTRIES
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Exide Industries has been trading in bearish channel and trading in range between trend line support and resistance . we may see some up side movement up to its trend line resistance and fibo 23% level and short again from there with a target to its support. if market open red trades may wait to enter long slightly todays low around 170-172 and enter long with a target of 186.00 in near term or in a week.