Thursday, October 13, 2011

Exide

                                                                        Exide daily chart (click to zoom)
 Exide on daily chart has taken support for third time time on it trend line and broke 20 DMA yesterday due to which bais for stock now becomes positive. Trend line also shows that it is in long term uptrend making higher highs and higher lows. From the current trend it is likely to touch 160 levels in medium term.
One should keep stop loss of 125 on long position.
CMP as on today is 136.35