WE HAD P MAILED OUR CLINET SON JUNE 26 TH : TO KEEP EYES ON EXIDE FOR SHORT TO MEDIUM TERM TRADE---TODAY ALL THE BROKING HOUSES AND TV CHANNELS ARE COMING UP WITH BUY CALLS ON THE STOCK
WE TOLD TO PICK STOCK WHEN IT WAS AT 135 LEVELS ONE MONTH BACK -----
IF YOU WANNA PICK STOCK BEFORE THEY MOVE ONLY SOLUTION JOIN TRENDZOFMARKET FOR JUST 2500 RS.....
BELOW WAS THE MAIL WE SEND
Exide Industries stock has been rank under performer over last many years. The big question: Is the turnaround in overall market going to bring some positive change in the stock price trajectory?
TRADING STRATEGY : BUY 2000 EXIDE 132-135 SL 127 TGT 150-160-170 TIME FRAME 1-2 MONTHS------ TODAY STOCK HIT 169 JUST ONE MONTH TIME---
Here’s the Weekly Chart
As you can see in the chart above – Exide Industries built a solid base around 100 but when it came to making a healthy bounce, it always failed to make higher high leading to formation of declining trend line. This also resulted in compression in volatility.
Well Election results seem to have changed that. Exide Ind stock made a Large Candle Breakout above the trendline. Post that move, stock has been quietly consolidating. The stock now has a strong base at 130-135. Traders who are bullish on Exide may try to take the stock higher over next many weeks with closing stop loss below 127. Considering how weak the stock has been – traders may buy it only closer to 132-135 rather than at 140.
