or the last 2.5 months, Exide Industries was stuck in a tight range between 370 and 400. Every time it tried to cross 400, sellers pushed it back down. This zone had become a big barrier for the stock.
But in the last few sessions, something changed. The stock finally managed to hold comfortably above 400–405, which was not happening earlier. This move is important because it not only cleared the neckline resistance but also confirmed a consolidation breakout after months of sideways action.
Now, as long as Exide stays above 395–400, the trend looks positive. The breakout has opened the path for the stock to test 425 first, and if buying momentum continues, we could see levels of 435–440 in the coming days.
To stay safe, traders can keep a stop-loss below 390.
✨ In short: After months of waiting, Exide has broken free from its range. Sustaining above 400 is a bullish sign, and the stock now looks set for 425–440 levels.
But in the last few sessions, something changed. The stock finally managed to hold comfortably above 400–405, which was not happening earlier. This move is important because it not only cleared the neckline resistance but also confirmed a consolidation breakout after months of sideways action.
Now, as long as Exide stays above 395–400, the trend looks positive. The breakout has opened the path for the stock to test 425 first, and if buying momentum continues, we could see levels of 435–440 in the coming days.
To stay safe, traders can keep a stop-loss below 390.
✨ In short: After months of waiting, Exide has broken free from its range. Sustaining above 400 is a bullish sign, and the stock now looks set for 425–440 levels.
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