EXIDE LEVELS
EXIDE Industries has been trending since April and is currently in the final phase of its uptrend. It reached a high of 549.90 on June 13 but did not surpass that level. However, it's important to note that it touched the trendline and resistance level of 549.50, which is why it fell back to 542. Nevertheless, the stock's volume and strength have been well maintained. I anticipate it will break the trendline and resistance once more to reach its uptrend target levels of 630-680, as indicated in the chart.
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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.