EXIDEIND: A Potential Reversal from Institutional Demand Zone?

EXIDEIND has been in a downtrend since June 2024. However, an interesting development has occurred—price has reached a crucial monthly & quarterly demand zone, which is often a footprint of institutional activity. When price enters such zones, it indicates that big players (institutions, banks, and hedge funds) might be accumulating positions.

As a result, the downtrend has stalled, and the stock has moved into a sideways consolidation. This shift suggests that institutional buyers may have stepped in, absorbing the selling pressure and preventing further decline.

📊 Key Observations

• EXIDEIND has taken support from both the monthly and quarterly demand zones, strengthening the case for a potential upward move.
  
• The trend is still sideways on the daily timeframe, indicating a phase of accumulation or consolidation before the next big move.
  
• If the price sustains above this demand zone, we may expect an upward move in the coming sessions.
  

💡 "The market rewards patience and discipline. Stick to your plan and let the charts guide your way!"

This analysis is for educational purposes only and is not intended as a trading or investment recommendation. I am not a SEBI registered analyst.