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Thursday, November 24, 2011

Sell Exide Industries!

Exide Industries Ltd Weekly Chart

Exide Industries Ltd Screener

The stock was in an uptrend since April’ 09 until November’ 10. Since November’ 10 it has formed a double top around 180 & double bottom around 110 levels. Hence, we recommend short selling on a downside break of 108.  


Support
91
80
71
61
47.5
Resistance
117
121
130
140
150
Recommendation
Based on the chart & explanation above, we recommend selling in Exide industries below 108 and take profit at various levels (93, 70.5 & 57). Maintain a stop loss above 130 to protect losses.
If you have any queries, we are just a phone call away.

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Dreamz Consultancy

+ 91 98845 27725
+ 91 98413 27014
dc.finserv@gmail.com

 
Posted by Dreamz Consultancy at 11:58 AM

1 comment:

  1. Dreamz ConsultancyDecember 20, 2011 at 1:17 PM

    Exide trades below 108 levels. Traders can build their position.

    ReplyDelete

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