Technical calls by Religare Broking: Buy Exide Industries, GAIL

Top trading ideas by Religare Broking:

Exide Industries Limited

Rec: BUY

Last Close: 268.85

Initiation range: 267-270

Target: 284

Stop loss: 263

After making a record high at 304.70, EXIDEIND has been witnessing profit taking for past almost one month. It is currently consolidating around the support zone of multiple moving averages on different time frames and likely to see swift rebound in near future. Traders shouldn’t miss this chance and accumulate fresh longs in the given range.

GAIL (India) Limited

Rec: BUY

Last Close: 374.80

Initiation range: 369-373

Target: 394

Stop loss: 362

GAIL has retraced marginally of late, after making a record high in August 2018 and found support around the short-term