Sunday, April 21, 2013

VIEW ON EXIDEIND FOR 6-12 MONTH TIME.

AS PER THIS CHART WE SEE 200 & 20W-EMA IS NEAR 131 LEVEL, AND 50W-SMA IS NEAR 134 LEVEL, AS PER 2ND PART OF CHART WE SEE MACD IS NEAR TO CONVERT IN POSITIVE ZONE, HISTOGRAM IS ALMOST NEAR ZERO LINE, RSI IS ALSO JUST BELOW MEAN LEVEL @ 47, SO IF IN THIS WEEK ITS SUSTAIN ABOVE 131 LEVEL AND VOLUME IS GOOD THEN WE SEE SOME POSITIVE REVERSAL IN THIS STOCK FOR LONG TERM. ONE CAN BUY@ 2 CLOSE ABOVE 132-133 FOR 6-12 MONTH FOR TARGET OF 150-166 WITH STOP OF BELOW 120 ON CLOSING BASIS.

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