dhirendrashukla88
Long

EXIDE INDUSTRIES CAN BOUNCE 20% UP FROM CMP

NSE:EXIDEIND   EXIDE INDUSTRIES
OUTLOOK:- EXIDE INDUSTRIES HAS MORE CHANCES OF BOUNCING BACK THAN EVER. ON THE ABOVE CHART, YOU CAN SEE, THE STOCK IS NEAR ITS VERY STRONG SUPPORT OF 200. RSI AT OVERSOLD ZONE (28) I EXPECT IT CAN BOUNCE 20% AND 3-8% BOUNCE CAN HAPPEN IN A FEW DAYS. IT HAS FORMED "HEAD AND SHOULDER" PATTERN DURING ITS FALL AND ITS SELL TARGET (FROM THAT PATTERN) IS ALSO COMPLETED. SO, THE BOUNCE IS MORE LIKELY.
BUY ABOVE 200EMA = 208 (WEEKLY CHART)
TARGET 100 EMA= 230 (POSITIONAL VIEW FOR 10 TRADING SEASSION 2 WEEK )
Comment: EXIDE CALL FIRE TARGET ACHEEVED 100 EMA = 230 MADE A HIGH 233.60 ( MORE THAN 12% JUST 15 TRADING SEASSION ) IF BUY JUST ONE LOT 208-230 = 22 * 2000 = 44000 JUST 15 TARDING SEASSION

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