Exide Industries Ltd (EXIDEIND) – Breakout Momentum

194
Price Action

CMP: ₹396–400 (Aug 29, 2025)

Stock is consolidating near highs after strong rally.

Trading above 20 / 50 / 200 EMAs → confirms bullish structure.

Resistance: ₹405–410 (breakout zone)

Support: ₹389 → ₹385 → ₹365 (weekly base)

Upside Targets:

🎯 T1 = ₹430

🎯 T2 = ₹475

🎯 T3 = ₹535 (extended swing target)

Invalidation: Close below ₹385 → caution; below ₹365 → setup weakens.

Indicators & Momentum

RSI (14): ~62 → bullish, not extreme yet.

ADX: Strength building → supports continuation.

MFI: Above 70 → strong money inflow, but watch overbought.

MACD: Mixed; short-term pauses possible.

🧭 Trading View Bias

Bias: Bullish above ₹389

Short-Term: ₹405 → ₹430

Medium-Term: ₹475 → ₹535

Caution: Sustained close below ₹385 shifts bias neutral.

Disclaimer: This is a technical analysis for educational purposes only—not financial advice. Always perform your own due diligence before trading.

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