Trading calls by Osho Krishan of Anand Rathi: Buy Eicher Motors, Exide

Eicher Motors' stock has been trading with a positive bias and is placed well above all its major exponential moving averages on the daily time frame

BUY EXIDE INDUSTRIES LTD | TARGET: Rs 200 | STOP LOSS: Rs 175

The stock has bounced from its 61.80 per cent Fibonacci retracement of the recent surge and has headed higher in the last trading session with a notable increase in the average traded volumes, indicating the formation of a strong base for the counter. The stock has managed to surpass its 200 DEMA in the last trading session, suggesting a reversal in the counter. Also, on the oscillator front, the 14-period RSI has witnessed positive crossover, affirming the overall bullish view in the near term.

BUY EICHER MOTORS LTD |