Investors have paid higher prices over time to buy Exide Industries Limited and the stock is in a rising trend channel in the medium and long term. This signals increasing optimism among investors and indicates a continued rise.
The stock has broken a support level in the short term and given a negative signal for the short term trading range.
The stock is between support at rupee 175 and resistance at rupee 182. A definitive breakthrough of one of these levels predicts a new direction.
The volume balance is positive and strengthens the stock in the short term. The stock is overall assessed as technically positive for the medium-long term.
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