If you are doing fundamental studies then you can easily identify the reason for picking Exide Industries. Nowadays Indian government is focusing on Electric Vehicle and encouraging people. We are expecting good future for electric vehicles and battery producing companies.
Technical Overview of EXIDEIND: As we can see on the chart, stock has given Break Down to Head & Shoulder Neckline on 15th July 2019. In last few week’s stock has touched to support i.e. around 170 and given bounce. After bottom out, stock has given good close with good volumes. Currently stock is trading below Resistance, riskers can buy here or wait till closing above 200. We are expecting targets 210-220-230. We are giving two stop losses here i.e. 180 and 162.
Technical Overview of EXIDEIND: As we can see on the chart, stock has given Break Down to Head & Shoulder Neckline on 15th July 2019. In last few week’s stock has touched to support i.e. around 170 and given bounce. After bottom out, stock has given good close with good volumes. Currently stock is trading below Resistance, riskers can buy here or wait till closing above 200. We are expecting targets 210-220-230. We are giving two stop losses here i.e. 180 and 162.