EXIDEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | EXIDEIND | Market Cap | 30,647 Cr. | Current Price | 361 ₹ | High / Low | 431 ₹ |
| Stock P/E | 28.9 | Book Value | 180 ₹ | Dividend Yield | 0.55 % | ROCE | 10.2 % |
| ROE | 7.62 % | Face Value | 1.00 ₹ | DMA 50 | 329 ₹ | DMA 200 | 355 ₹ |
| Chg in FII Hold | -0.61 % | Chg in DII Hold | 0.42 % | PAT Qtr | 264 Cr. | PAT Prev Qtr | 221 Cr. |
| RSI | 68.0 | MACD | 12.2 | Volume | 24,27,465 | Avg Vol 1Wk | 35,54,920 |
| Low price | 287 ₹ | High price | 431 ₹ | PEG Ratio | 3.98 | Debt to equity | 0.02 |
| 52w Index | 51.1 % | Qtr Profit Var | 7.84 % | EPS | 12.4 ₹ | Industry PE | 27.3 |
📈 Chart Patterns: Price is trading above both 50 DMA (329 ₹) and 200 DMA (355 ₹), confirming bullish momentum. Trendlines show higher highs with resistance near 370–380 ₹.
📊 Moving Averages: Current price (361 ₹) above both DMAs, reinforcing bullish bias.
📉 RSI: At 68.0, RSI is approaching overbought territory, suggesting caution for fresh entries.
📊 MACD: Strongly positive at 12.2, confirming bullish crossover and momentum continuation.
📉 Bollinger Bands: Price near upper band, reflecting strong momentum but also risk of short-term pullback.
📊 Volume Trends: Current volume (24.3L) below 1-week average (35.5L), showing reduced participation despite bullish price action.
🎯 Momentum Signals: Bullish. MACD and moving averages confirm strength, though RSI and volume trends suggest caution.
💹 Entry Zone: 350–355 ₹ (support levels).
💹 Exit Zone: 375–385 ₹ (resistance levels).
📌 Trend Status: Trending upward with bullish bias.
Positive
- Price above both 50 DMA and 200 DMA confirms bullish trend.
- Quarterly PAT growth (264 Cr. vs 221 Cr.) supports earnings momentum.
- Debt-to-equity ratio at 0.02 shows strong financial stability.
- 52-week performance (+51.1%) highlights sector participation.
Limitation
- RSI near 70 indicates overbought conditions.
- Volume below average, limiting breakout confirmation.
- ROE (7.62%) and ROCE (10.2%) are relatively weak compared to peers.
- PEG ratio of 3.98 suggests stretched valuation relative to growth.
Company Negative News
- FII holdings reduced (-0.61%), showing foreign investor caution.
- Moderate profitability ratios limit valuation appeal.
Company Positive News
- DII holdings increased (+0.42%), showing domestic institutional support.
- Quarterly PAT growth highlights operational strength.
- Dividend yield of 0.55% provides shareholder returns.
Industry
- Industry PE at 27.3 is close to EXIDEIND’s P/E (28.9), suggesting fair valuation.
- Battery and energy storage sector supported by EV adoption and infrastructure demand.
Conclusion
⚖️ EXIDEIND is trending upward with bullish bias, supported by MACD, moving averages, and earnings growth. Entry near 350–355 ₹ offers a favorable setup, with exits around 375–385 ₹. Long-term investors should monitor profitability metrics, while short-term traders can capitalize on momentum with caution due to overbought RSI and lower-than-average volume.