Exide Industries is showing a strong uptrend structure, with the stock consistently holding above its long-term moving averages, which reflects sustained institutional interest. After a healthy consolidation phase near its recent support, the price has started to rebound, signaling that buyers are actively defending lower levels.
On the technical front, the breakout candle formed above the consolidation range is supported by rising volumes, suggesting accumulation and strength behind the move. Momentum indicators like the RSI are trending upwards, confirming a pickup in bullish sentiment, while MACD is indicating a fresh crossover that typically precedes a continuation of the uptrend.
The stock has also respected its demand zone, and the recent higher low formation points towards continuation of the larger bullish trend. With a clearly defined stop-loss below the immediate support and an attractive risk-to-reward setup, Exide Industries presents a compelling buy opportunity for both swing traders and positional investors.
On the technical front, the breakout candle formed above the consolidation range is supported by rising volumes, suggesting accumulation and strength behind the move. Momentum indicators like the RSI are trending upwards, confirming a pickup in bullish sentiment, while MACD is indicating a fresh crossover that typically precedes a continuation of the uptrend.
The stock has also respected its demand zone, and the recent higher low formation points towards continuation of the larger bullish trend. With a clearly defined stop-loss below the immediate support and an attractive risk-to-reward setup, Exide Industries presents a compelling buy opportunity for both swing traders and positional investors.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.