⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
EXIDEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | EXIDEIND | Market Cap | 27,319 Cr. | Current Price | 321 ₹ | High / Low | 431 ₹ |
| Stock P/E | 25.7 | Book Value | 180 ₹ | Dividend Yield | 0.65 % | ROCE | 10.2 % |
| ROE | 7.62 % | Face Value | 1.00 ₹ | DMA 50 | 354 ₹ | DMA 200 | 379 ₹ |
| Chg in FII Hold | 0.03 % | Chg in DII Hold | 0.24 % | PAT Qtr | 264 Cr. | PAT Prev Qtr | 221 Cr. |
| RSI | 24.4 | MACD | -12.1 | Volume | 17,43,350 | Avg Vol 1Wk | 28,82,847 |
| Low price | 309 ₹ | High price | 431 ₹ | PEG Ratio | 3.55 | Debt to equity | 0.02 |
| 52w Index | 10.2 % | Qtr Profit Var | 7.84 % | EPS | 12.4 ₹ | Industry PE | 28.0 |
📈 Technical Analysis
- Chart Patterns: Stock corrected from 431 ₹ highs and is consolidating near 321 ₹, showing weakness but holding above 309 ₹ support.
- Moving Averages: Current price (321 ₹) is below both 50 DMA (354 ₹) and 200 DMA (379 ₹), confirming short-term bearishness.
- RSI: At 24.4, the stock is oversold, suggesting potential for a rebound.
- MACD: Negative (-12.1), indicating bearish momentum persists.
- Bollinger Bands: Price is near the lower band, signaling oversold conditions and possible bounce.
- Volume Trends: Current volume (17,43,350) is lower than 1-week average (28,82,847), showing reduced participation.
📊 Momentum & Signals
- Short-Term Momentum: Weak, but oversold RSI suggests potential for technical bounce.
- Support Zones: 309 ₹ (near-term), 300 ₹ (major support).
- Resistance Zones: 354 ₹ (50 DMA), 379 ₹ (200 DMA), 400 ₹ (trendline resistance).
- Entry Zone: 310–325 ₹ if RSI stabilizes.
- Exit Zone: 354–379 ₹ on rebound; strict stop-loss below 309 ₹.
- Trend Status: Stock is consolidating after correction, with oversold signals appearing.
✅ Positive
- Quarterly PAT improved (264 Cr. vs 221 Cr.), showing earnings growth.
- DII holdings increased (+0.24 %), showing domestic institutional support.
- Low debt-to-equity ratio (0.02) indicates strong financial stability.
- Dividend yield at 0.65 % provides modest income support.
⚠️ Limitation
- Stock trading below both 50 DMA and 200 DMA indicates weak technical strength.
- ROCE (10.2 %) and ROE (7.62 %) are relatively low, showing limited capital efficiency.
- PEG ratio at 3.55 suggests valuation is stretched relative to growth.
- Current price far below 52-week high (431 ₹), showing significant correction.
📉 Company Negative News
- Weak ROCE and ROE highlight limited efficiency in capital utilization.
- MACD remains negative, signaling continued bearish momentum.
📈 Company Positive News
- Quarterly profit variance (+7.84 %) highlights earnings improvement.
- FII holdings increased slightly (+0.03 %), showing foreign investor confidence.
- DII holdings increased (+0.24 %), showing domestic institutional support.
🏭 Industry
- Industry PE at 28.0 is slightly higher than company PE (25.7), suggesting EXIDEIND is fairly valued compared to peers.
- Battery and energy storage sector outlook remains positive with demand recovery potential.
🔎 Conclusion
- EXIDEIND is in a consolidation phase after correction, with oversold RSI and weak MACD.
- Short-term traders may consider entry near 310–325 ₹ with exit around 354–379 ₹.
- Long-term investors may hold due to sector potential and improving profits, but should be cautious of weak ROCE/ROE and stretched PEG ratio.