Investment

#ExideInd is a perfect investment candidate at current levels with a minimum holding period of 1 year.

Stock has given #SymmetricalTriangle breakout in weekly TF. RSIStairs forming HH and above 50 on weekly. 155 level is resistance turned support for the stock and may not be broken soon. Stock is a slow mover and will take time before trading higher. Better to invest in cash. Its a dividend paying company with dividend yield of 2.5%. 100% it would outbeat the FD/RD/PPF returns. Attractive to add it to portfolio at current levels with SL of 150 on weekly closing basis.

CMP: 165. Diwali to Diwali target comes around 231. #Invest in the stock with a upside potential of 40% in a year or so.

#Portfolio #DiwaliPick #Investment

Comment:

Disclaimer: Objective of posts is to educate and help members learn technical analysis, from my personal trade picks. All these stock ideas or trade updates are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis the posted trade ideas. These stock ideas or views are momentum picks chosen using technical analysis and indicators and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

Comment:

Stock is up and trading at 196. Nearly up by 30 points