Stock of the day : Exide Industries Ltd by Target Rs. 420

2025-08-29 10:32:48 am | Source: Religare Broking Ltd

Stock of the day : Exide Industries Ltd by Target Rs. 420 - Religare Broking Ltd

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Exide Industries Ltd

Buy Exide Industries Ltd CMP 394 Range 393-395 SL 381 Target 420

* EXIDEIND has recently registered an upside breakout, supported by a strong bullish price structure where previous resistance levels have turned into immediate support.

* The breakout occurred from a prolonged sideways consolidation, reinforced by alignment above key moving averages e.g. 21, 50 and 100 DEMA.

* The stock is trending within an ascending channel, forming consistent higher highs and higher lows, indicating continued upward momentum.

* Market participants may consider long opportunities near suggested levels.

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Stock of the day : Exide Industries Ltd by Target Rs. 420 - Religare Broking Ltd

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