EXIDEIND - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis of Exide Industries Ltd. (EXIDEIND)

⭐ Technical Rating: 3.6

📈 Trend Overview

Current Price: ₹392

50 DMA: ₹385 → Price slightly above short-term average

200 DMA: ₹394 → Price just below long-term average

Trend Status: Consolidating The stock is range-bound between ₹380–₹400, showing indecision after a steep correction from its 52-week high of ₹556.

🔍 Momentum Indicators

RSI (55.5): Neutral to mildly bullish; no strong momentum yet

MACD (0.65): Positive but flat — suggests lack of conviction in trend

Volume: Above weekly average — indicates active participation but not breakout strength

📉 Chart Patterns & Signals

Recent Formation: Rounded bottom followed by a symmetrical triangle — potential breakout setup

Bollinger Bands: Price near mid-band; volatility contraction phase

Candlestick Signal: Bullish engulfing near ₹386 — short-term support confirmed

📌 Support & Resistance Zones

Level Price Range (₹)

Support 380 – 386

Resistance 405 – 412

Breakout Zone Above ₹412 could trigger rally toward ₹430–₹445

🎯 Entry & Exit Strategy

Optimal Entry: ₹384–₹388 (near support zone)

Stop Loss: ₹374 (below recent swing low)

Target Exit: ₹405–₹412 (resistance zone); ₹430+ if breakout confirmed

⚡ Short-Term Signals

Neutral bias with mild bullish undertone

Watch for MACD histogram expansion and RSI > 60 for momentum confirmation

Volume spike near ₹405 would validate breakout strength

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