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* On an hourly scale, the stock has given a breakout of its range bound movement which shows further upside movement can be seen in the counter.
* Additionally, the stock is sustaining above its 100 Hourly Exponential Moving Average which shows a positive move in the counter.
* On a daily scale, the stock has reversed back after taking a support of its previous support level which suggests bullishness in the counter.
* A daily momentum indicator RSI reading is at 48.16 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions
Buy Exide Industries Limited @ 203.50 Stoploss 197.00 Target Price 215.00
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