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How To Trade : Exide ind, DLF and Cipla



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Cipla : Stock took support from 50dMA and formed bullish engulfing pattern on daily chart today. Technical indicators too giving buy signal. Sustaining above 652 can open ways for 670-90 to 707, stock has support around 637-30 while stoploss can be placed at 620. Have a look at daily chart.

Exide ind : Stock has corrected almost 15% in last one month and find support around 145. Now stock is looking good for 160-65 to 175 levels if sustains above 155. Have a look at daily chart

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DLF : Stock is trading in a rising range  for last 3 months, and currently its hovering around its support line, one can trade long above 155 for 161 to 167-71 in short term and if shows breakout from this range stock has potential to rally upto 200 levels. keep stoploss at 146.