Batteries Charged. Breakout Imminent. Exide is the Trade

“This is not about hoping. This is about reading what the market is already telling you — and acting with conviction.”


Why Exide Looks Solid Now

1. Clear Horizontal Resistance Break (₹389–390 Zone):
The stock has tested this level multiple times over the past sessions. Each rejection has been weaker than the last. Today’s close near the highs with a tight-bodied candle indicates absorption and intent to push through.

2. Ascending Triangle Formation:
Higher lows with flat resistance — a classic bullish continuation structure. This is a textbook setup where demand is building and supply is getting exhausted.

3. Volume Confirmation:
On each approach to ₹390, volume has picked up. This is not a passive drift-up; it’s active participation from serious hands.

4. Sectoral Tailwind:
Battery and auto-ancillary stocks are attracting quiet inflows. Smart money rotates before headlines. Exide is showing those early signs — tight range, clean structure, and low volatility before a move.

5. Risk-Reward is Skewed in Favor of the Trade:
You’re risking very little for a move that can happen quickly once ₹390 breaks on strength.

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Trade Setup
• Buy Above: ₹389.50–₹390
• Stop Loss: ₹386.90
• Target 1: ₹393.50
• Target 2: ₹396–397
• Holding Period: 1 to 2 days
• Risk-Reward Ratio: 2.5 to 3x

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Bottom Line

This is a simple, well-defined trade with price structure, volume, and risk control all working in your favor. It is not speculative, it is tactical.

“You make money in markets by participating in strong structures when others are waiting for confirmation. This is one of those moments.”