EXIDEIND Weekly Chart Analysis

EXIDEIND Weekly Chart Analysis – Breakout Brewing?
Published: 7th June 2025
Current Price: ₹393.30 | +0.55% Today

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Key Chart Highlights:
• 1D FVG Zone Cleared: Price has broken out above the fair value gap, hinting at strength
• Downtrend Broken: Price action has closed above descending resistance
• PE Target Done: ₹336.65 (Previous Put target) successfully hit
• New Target: ₹620.35 (Weekly chart target zone)

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Market Bias:
As long as the price sustains above the ₹375–₹385 range (FVG base), bullish momentum is likely to continue.

If holding longs:
Trail SL below ₹372
Targeting next swing high zones: ₹472 → ₹520 → ₹620+

If rejected back below ₹375:
Wait for confirmation, as a drop may retest ₹336 again.

Summary:
A solid technical setup for positional traders – price attempting a trend reversal from the base with clear upside levels mapped.

Disclaimer: Educational purpose only. Not a recommendation. Do your own research.
12:26 PM