EXIDEIND

Technical Analysis

The chart of

shows that after a sharp correction from its all-time high near ₹660, the stock has formed a base around ₹350–₹370 and is now attempting a breakout above the key resistance zone of ₹394–₹400. Currently trading at ₹416, it has crossed this resistance with rising volumes, indicating accumulation. The ADX (22.77) suggests moderate trend strength, and the RSI (69.54) is nearing the overbought zone, reflecting strong bullish momentum. If the breakout sustains, the stock may move towards the next resistance at ₹450–₹470, while immediate support lies at ₹394.