Exide Industries Ltd – Bearish Momentum Near Key Support

The stock is showing weakness following a recent correction, with price currently trading close to an important support zone. The formation of lower highs along with continued selling pressure indicates that short-term momentum remains cautious. The ₹419–₹410 zone is crucial, and sustained weakness below this area could increase selling pressure towards the next support levels. 🔎 Technical View: • Lower highs and selling pressure remain visible • Momentum indicators continue to remain weak • Price is approaching an important support zone • ₹419–₹410 remains crucial for the current setup 🔑 Levels to Watch: • Support: ₹419–₹410 • Major Support: ₹404–₹389 • Resistance: ₹435–₹440 📉 Downside Levels: ₹410 → ₹404 → ₹389 ⚠️ Risk Scenario: A sustained move below ₹419 may trigger further downside pressure towards ₹404–₹389. 📈 Trading View: A strong and sustained move above ₹440 could improve the short-term outlook and indicate a possible recovery in momentum. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊