EXIDEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | EXIDEIND | Market Cap | 33,494 Cr. | Current Price | 394 ₹ | High / Low | 431 ₹ |
| Stock P/E | 30.0 | Book Value | 173 ₹ | Dividend Yield | 0.51 % | ROCE | 10.3 % |
| ROE | 7.68 % | Face Value | 1.00 ₹ | DMA 50 | 342 ₹ | DMA 200 | 354 ₹ |
| Chg in FII Hold | -0.61 % | Chg in DII Hold | 0.42 % | PAT Qtr | 312 Cr. | PAT Prev Qtr | 264 Cr. |
| RSI | 74.0 | MACD | 7.07 | Volume | 2,67,42,987 | Avg Vol 1Wk | 82,06,808 |
| Low price | 287 ₹ | High price | 431 ₹ | PEG Ratio | 3.43 | Debt to equity | 0.03 |
| 52w Index | 74.4 % | Qtr Profit Var | 22.7 % | EPS | 13.1 ₹ | Industry PE | 28.1 |
Chart & Trend Analysis:
EXIDEIND is trading at ₹394, well above its 50 DMA (₹342) and 200 DMA (₹354), confirming strong bullish momentum. RSI at 74.0 indicates overbought conditions, while MACD at 7.07 shows positive crossover, supporting upward momentum. Bollinger Bands are widening, reflecting volatility expansion. Current volume (2.67 Cr) is significantly higher than the weekly average (82.0L), showing strong participation and accumulation.
Momentum Signals:
- RSI above 70 signals overbought territory, caution for short-term traders.
- MACD positive, confirming bullish strength.
- Resistance zones: ₹410–415 (near-term), ₹430–431 (52-week high).
- Support zones: ₹380–385 immediate, deeper support at ₹354 (200 DMA).
- Trend status: Strong uptrend, but short-term consolidation likely due to overbought RSI.
Entry Zone: ₹380–385 (ideal accumulation zone)
Exit Zone: ₹410–430 (profit booking zone)
Stop-Loss: Below ₹354
Positive
- Quarterly PAT improved to ₹312 Cr from ₹264 Cr (+22.7%).
- Strong volume surge indicates institutional accumulation.
- Low debt-to-equity ratio (0.03) ensures financial stability.
- EPS at ₹13.1 supports earnings visibility.
Limitation
- RSI at 74.0 signals overbought conditions, risk of short-term correction.
- ROCE (10.3%) and ROE (7.68%) remain modest compared to peers.
- PEG ratio at 3.43 suggests stretched valuation relative to growth.
Company Negative News
- Decline in FII holdings (-0.61%) shows reduced foreign investor confidence.
Company Positive News
- DII holdings increased (+0.42%), showing domestic institutional support.
- Strong quarterly profit growth highlights operational improvement.
Industry
- Industry PE at 28.1 is slightly lower than EXIDEIND’s P/E (30.0), suggesting fair valuation.
- Battery and energy storage sector supported by EV adoption and infrastructure demand.
Conclusion
EXIDEIND is in a strong uptrend, trading above key moving averages with bullish RSI and MACD signals. Entry near ₹380–385 offers a favorable setup, with exits around ₹410–430. Fundamentals remain stable, but overbought RSI suggests caution for short-term traders. Long-term investors can hold with confidence given sector tailwinds and earnings growth.
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