EXIDEIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical breakdown of EXIDE Industries Ltd (EXIDEIND)

📈 Trend Analysis

Current Price (₹425) is above both 50-DMA (₹401) and 200-DMA (₹396) — confirming a bullish trend.

52-week Index at 47.0% suggests the stock is trading in the lower half of its yearly range (₹328–₹535), indicating recovery from lows but still far from peak.

Trend Status: Trending upward, with signs of continued accumulation.

🔍 Momentum Indicators

RSI (63.9): In the bullish zone, nearing overbought territory — momentum is strong but watch for short-term exhaustion.

MACD (8.33): Positive and rising — confirms bullish crossover and momentum continuation.

Volume: At 22.16L, well above 1-week average (16.08L) — indicates strong buying interest and breakout potential.

📊 Chart Patterns & Moving Averages

Golden Cross: Price above both 50-DMA and 200-DMA — a classic bullish signal.

Support Levels

₹401 (50-DMA)

₹396 (200-DMA)

₹375 (recent swing low)

Resistance Levels

₹440–₹450 (recent top zone)

₹470–₹480 (next major resistance)

₹535 (52-week high)

📉 Bollinger Bands

Price is likely near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 400–410 Near 50-DMA, ideal pullback zone

Exit (Short-Term) 440–470 Resistance zone, potential reversal

Stop Loss 390 Below 200-DMA and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong, nearing overbought

Volatility: High, with breakout potential

Ideal Strategy: Buy on dips near ₹400–₹410 with target ₹440–₹470. Monitor RSI and volume for signs of exhaustion or continuation.

Would you like to compare this setup with other battery or EV-related stocks for sector rotation opportunities?

Edit in a page