EXIDEIND

Technical analysis

is showing signs of a potential reversal trade as the price has broken above the key resistance of 394 and is now sustaining near 424, indicating strength after a prolonged base formation. The MACD is in bullish territory at 8.30, suggesting positive momentum, while RSI at 63 shows strong buying interest without being overbought. The ADX at 29.8 reflects improving trend strength, supporting the possibility of a sustained upmove. If the stock holds above 394, the reversal setup remains intact with upside targets towards 450–470 in the short term, and potentially 500+ if momentum continues, while a stop-loss can be placed near 390 to manage risk.