Exide Ltd – Technical Outlook
Exide Ltd is currently trading near its 200-day moving average, which is acting as a key resistance level. A decisive breakout above this level could trigger a positional upmove of approximately 15%, making it a strong candidate for a medium-term long trade.
Additionally, the stock has been consolidating within a narrow 5% range, indicating a phase of accumulation. A breakout from this sideways range could present a short-term swing trading opportunity.
Actionable Insight:
Keep Exide Ltd on your watchlist for both positional and swing long trades, contingent on a breakout above key resistance levels.
Exide Ltd is currently trading near its 200-day moving average, which is acting as a key resistance level. A decisive breakout above this level could trigger a positional upmove of approximately 15%, making it a strong candidate for a medium-term long trade.
Additionally, the stock has been consolidating within a narrow 5% range, indicating a phase of accumulation. A breakout from this sideways range could present a short-term swing trading opportunity.
Actionable Insight:
Keep Exide Ltd on your watchlist for both positional and swing long trades, contingent on a breakout above key resistance levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.