Exide Industries Limited (EXIDEIND) Stock - Complete Technical Analysis - Nov 29, 2024

Exide Industries Technical Analysis: Support, Resistance & Trends EXIDEIND Stock Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Exide Industries Ltd. (EXIDEIND), currently trading at 452.60, has shown a considerable price drop of 27.04% from its 52-week high of 620.35, reflecting some bearish pressure. However, the stock is still 62.51% above its 52-week low of 278.5, suggesting positive long-term performance.

Technical indicators indicate mixed signals. The RSI is neutral, suggesting the stock is neither overbought nor oversold. The MACD is negative, pointing to a lack of strong bullish momentum. The ADX is at 30, which indicates that the stock is in a trending phase but not strongly. The stock has formed a bearish Harami pattern, signaling potential downside in the short term.

Looking at the moving averages, the stock is trading below key levels like the 50-day and 100-day EMAs, indicating resistance at higher prices. Meanwhile, shorter-term EMAs suggest support in the current price range.

The Average True Range (ATR) indicates moderate volatility, with price swings expected. The Stochastic RSI being near overbought levels suggests a potential slowdown in upward movement.

In terms of price levels, support is likely around 440, with resistance near 460-470. Traders should watch these key levels for breakout or breakdown opportunities. Overall, the stock shows a consolidation pattern, with caution advised for short-term traders due to bearish reversal signals.