Stock has taken support of 127 last time earlier this year. Before that it has taken support of same level in 2016 also and that after some strong downtrend. We can buy this with stoploss below 127 in weekly closing.
In the Exide Industries weekly chart we can see the previous resistance band had turned into support band and share is taking support around 190-195 band. This is classic example of how past resistance turns into support and it took support and reversed from there multiple times.
It has successfully break it's resistance and rallied till 460 levels and now consolidating in the range and forming Pole and Flag like pattern. Keep it in the watchlist for Flag breakout. Trend successfully reversed.