📊 Exide Industries Ltd – Bearish Momentum Near Key Support
The stock is showing weakness after a recent correction, with price trading near an important support zone.
🔎 Technical View:
• Lower highs and selling pressure visible
• Momentum indicators remain weak
• Key support zone is now crucial
🔑 Levels to Watch:
• Support: ₹419 – ₹410
• Major Support: ₹404 – ₹389
• Resistance: ₹435 – ₹440
📉 Downside Levels:
• ₹410
• ₹404
• ₹389
⚠️ Risk Scenario:
Sustained move below ₹419 may trigger further downside pressure.
👉 A strong move above ₹440 may improve the short-term outlook.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊