EXIDEIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.4

📊 Chart Patterns & Trend: EXIDEIND is trading below both its 50 DMA (379 ₹) and 200 DMA (390 ₹), indicating short-term weakness. Support lies around 350–355 ₹, while resistance is seen near 375–380 ₹. The stock is currently in a reversal phase leaning bearish, with oversold signals emerging.

📈 Moving Averages: Current price (363 ₹) is below both 50 DMA and 200 DMA, showing bearish momentum in the short-to-medium term.

📉 RSI: At 33.3, RSI suggests oversold conditions, signaling potential accumulation zones.

📉 MACD: Negative (-4.14) reflects bearish momentum, though a crossover could indicate reversal if buying volume increases.

📊 Bollinger Bands: Price is near the lower band, implying limited downside and potential rebound if demand picks up.

📊 Volume Trends: Current volume (11,07,291) is slightly above the 1-week average (10,70,125), showing increased participation despite weakness.

🎯 Entry Zone: 350–355 ₹ (near support and oversold RSI)

🎯 Exit Zone: 375–380 ₹ (near resistance and upper band)

Positive

• Low debt-to-equity ratio (0.02) ensures financial stability.
• DII holdings increased by 1.07%, reflecting domestic institutional confidence.
• Dividend yield at 0.56% provides modest income appeal.

Limitation

• P/E ratio (29.6) is aligned with industry average (30.0), offering limited valuation advantage.
• ROCE (10.2%) and ROE (7.62%) are modest, showing average capital efficiency.
• PEG ratio (4.08) indicates valuation is high relative to growth prospects.

Company Negative News

• FII holdings decreased by 0.59%, showing reduced foreign investor confidence.
• Quarterly PAT dropped from 320 Cr. to 221 Cr., reflecting a -25.9% decline.

Company Positive News

• EPS at 12.2 ₹ reflects steady earnings capability despite recent profit decline.
• Volume strength above average suggests accumulation interest at lower levels.

Industry

• Industry P/E at 30.0 indicates sector is moderately valued.
• Battery and energy storage demand expected to rise with EV adoption and renewable energy expansion.

Conclusion

⚖️ EXIDEIND is in a bearish reversal phase with oversold RSI and weak momentum. Entry near 350–355 ₹ offers favorable risk-reward, while exits around 375–380 ₹ are optimal. Watch for MACD crossover and sustained volume strength to confirm a rebound from current weakness.