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Momentum Pick Of Exide Industries Ltd For Target Rs.198 - HDFC Securities
* After showing a minor declines/sideways consolidation, the option price has shifted into an upside bounce today.
* Currently, the price is making an attempt to show upside move above the key upper resistance.
* The short term trend has turned positive.
* We observe a formation of positive candlestick pattern as per daily timeframe chart.
* Volume has started to rise along with the up move in the stock price.
* The daily RSI is showing positive indication.
* Monthly RSI is hovering near 40 level, indicates support at current level.
Buy Exide Industries Ltd SL 178.60 Target 198 CMP 187
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