Stock of the day : Buy Exide Industries Ltd For Target Rs. 278 - Religare Broking Ltd
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Exide Industries Ltd
* Exide inds has been trading in a steady uptrend for the last four months with rising volumes.
* The stock has witnessed a decisive breakout from the base while holding above the support zone of short term moving average i.e. 20 EMA.
* The chart pattern combined with indications from the oscillators suggests bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Exide Industries Ltd CMP 262.95; Range 261-263; SL 255; Target 278
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