Podcast: Today's Pick (Exide Industries)

| Updated on September 19, 2019 Published on September 19, 2019

Investors with a short-term perspective can sell the stock of Exide Industries at current levels. The stock has been in an intermediate-term downtrend since encountering a resistance at ₹233 in March 2019. Medium- as well as short-term trend are down for the stock.

The short-term outlook is bearish for the stock. It can continue to trend downwards and reach the price targets of ₹162 and ₹159 in the coming trading sessions. Sell the stock with a stop-loss at ₹173.

Published on September 19, 2019