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Stock Analysis of Exide Industries

Long
NSE:EXIDEIND   EXIDE INDUSTRIES
Exide Industries - CMP - ₹156.20 Dt. - 13-07-2020

In the historical daily chart , the price has respected the cross of 21DEMA and 50DEMA and gave a good trend on both sides. On 13-07-2020 the 21DEMA is all set to cross above the 50DEMA and if tomorrow it crosses above 50DEMA with good volume then the stock can give return up to 8-10% in 8-9 trading sessions.

RSI and CCI are neutral, however, MACD has given buy signal. If the stock moves upward then first resistance is placed at ₹160.70 followed by ₹164.45. If stock began to move down then it can go up to ₹145.80.

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