After a period of consolidation 📉, Exide Industries seems to be building a solid base and is showing signs of renewed bullish momentum 📈. Recently, it also bounced from its 200 EMA, which is an important reversal signal 📊, indicating a potential shift in market sentiment. The consolidation phase likely allowed the market to absorb earlier gains, setting the stock up for its next upward move 🚀. Investors might see this as a prime time to enter, with the potential for continued growth looking promising based on current technical indicators 🔍.
View invalidates below 400 on daily close.
Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
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.