Exide Ltd is currently trading near its 200-day moving averageExide 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.
