Here are two trading ideas for Tuesday's trade by brokerage Religare Securities:
Exide Industries Limited – BUY
Last Close: Rs 224.30
Initiation range: Rs 222-224
Target: Rs 236
Stop loss:Rs 218
Exide Industries has witnessed decent profit taking from its record high and reached closer to the support zone of multiple moving averages on daily chart. Considering its chart pattern and prevailing trend, we believe it’s a healthy correction and traders should use this to accumulate fresh longs in the given range.
Hindustan Zinc -BUY
Last Close: Rs 243.60
Initiation range: Rs 241-243
Target: Rs
Exide Industries Limited – BUY
Last Close: Rs 224.30
Initiation range: Rs 222-224
Target: Rs 236
Stop loss:Rs 218
Exide Industries has witnessed decent profit taking from its record high and reached closer to the support zone of multiple moving averages on daily chart. Considering its chart pattern and prevailing trend, we believe it’s a healthy correction and traders should use this to accumulate fresh longs in the given range.
Hindustan Zinc -BUY
Last Close: Rs 243.60
Initiation range: Rs 241-243
Target: Rs