EXIDEIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.3

📉 EXIDEIND is showing signs of short-term weakness with bearish momentum indicators. Entry near 370–375 ₹ may offer a better setup, while resistance lies around 400–420 ₹.

📈 Technical Analysis

• 📉 Chart Pattern: The stock is reversing from its recent highs, forming lower highs and testing support near 380 ₹.
• 📉 Moving Averages: Price is below both 50-DMA (395 ₹) and 200-DMA (396 ₹), indicating short-term bearishness.
• 📉 RSI (37.6): Bearish zone, approaching oversold territory — signals weak buying interest.
• 📉 MACD (-5.00): Negative crossover, confirming downward momentum.
• 📉 Bollinger Bands: Price near lower band, suggesting oversold conditions but no reversal yet.
• 📉 Volume Trend: Current volume (19.2L) is significantly below 1-week average (31.9L), showing weak participation and low conviction.

📍 Entry & Exit Zones

• ✅ Entry Zone: 370 ₹ – 375 ₹ (near recent support and psychological level)
• 🚪 Exit Zone: 400 ₹ – 420 ₹ (resistance from prior swing highs and moving averages)

📊 Trend Status

• 📉 Current Trend: Reversing from uptrend to short-term bearish
• ⚠️ Bias: Bearish unless RSI crosses 45 and MACD flattens

✅ Positive

• Quarterly PAT improved from 255 Cr. to 320 Cr. — a 14.6% increase.
• Low debt-to-equity ratio (0.03) reflects financial stability.
• EPS of 13.2 ₹ and P/E of 29.3 are slightly below industry average — fair valuation.

⚠️ Limitation

• Weak ROCE (10.2%) and ROE (7.62%) indicate modest capital efficiency.
• Bearish RSI and MACD signal declining momentum.
• Volume below average — weak conviction in current price action.

📉 Company Negative News

• FII holding dropped by 0.59%, indicating reduced foreign investor confidence.

📈 Company Positive News

• DII holding increased by 1.07%, showing domestic institutional support.
• Quarterly profit growth may support sentiment if sustained.

🏭 Industry

• Auto components sector remains resilient with moderate growth outlook.
• EXIDEIND trades slightly below industry PE (33.4), suggesting fair valuation.

🧾 Conclusion

• EXIDEIND is reversing from recent highs with bearish technical indicators.
• Short-term traders should wait for confirmation near 370 ₹ before entering.
• Long-term investors should monitor valuation and earnings consistency before adding exposure.

Sources

TSR

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