In July, the stock breached a key long-term key resistance at Rs 40 and later on it encountered resistance around Rs 75 in September recording a 52-week high. However, the stock witnessed a minor correction until it found support at Rs 55 and resumed its uptrend.
The stock broke through the corrective down trendline as well as 50-day moving average by gaining 10 per cent with heavy volume on November 24. With this the daily and weekly relative strength, indices have entered into the bullish zone. Signalling a buy, the daily moving average convergence and divergence indicator is heading towards the positive territory.
![Stock Tips For Short Term - Buy Eveready Industries](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqf_GFH7ef20CN8uHe7vAT-KVy2HaMCTYdHKkkXdql1nvRsmPgR9zfRAC2iv3gGNZoUv2PFf9UHCXsL4JYBDlOjzPeG7eIobu69LlSywrWb1gg33odQtF8CIpSuAxxqE-rnjpJ179LVbSe/s400/Stock+Tips+For+Short+Term+-+Buy+Eveready+Industries.bmp)
Nirmal Bang stock research house has advised to buy and hold Eveready Industries with an investment view. The stock may touch target of Rs 76-91 as per their stock research.