Technical Analysis Exide Industries Ltd.

The stock $EXIDEIND experienced a massive bullish rally from mid-2023 to June 2024 peaking near the ₹580-₹600 level. However for the past year and a half it has been in a clear correction phase downtrend consistently making lower highs and lower lows. The current market price is at ₹346.25. Recently the stock stopped falling and found a strong base in the early months of 2026. It is currently showing a minor pullback or recovery from its recent lows. The most crucial support zone is around ₹280 to ₹300. The stock took support here recently and bounced up. As long as it stays above this level the structure is attempting to stabilize and build a base. On the upside the stock will face immediate hurdles near ₹380 to ₹400. For a true trend reversal from bearish back to bullish the price needs to break out and sustain daily closings above the ₹400 mark. For short-term buyers the current bounce offers a quick momentum opportunity with an immediate target zone of ₹380 to ₹400 where profit-booking is highly recommended. Existing holders should continue to maintain their positions but must keep a strict stop-loss below the strong ₹300 support base to protect their capital. Since the overall trend is still corrective any failure to cross the ₹400 resistance could trigger another dip making it safer to lock in gains at higher levels. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.